Indian PV makers post strong double-digit growth in April  

Having ended FY2017 on a strong note with year-on-year growth of 9.23 percent and crossing the 3 million mark for the first time, the Indian passenger vehicle industry has begun the new fiscal on a robust note. From the sales numbers for April 2017 released by some OEMs, it’s clear that a combination of new models, refreshed variants and an uptick in consumer sentiment are driving increased footfalls in automobile showrooms and resulting in higher sales.

The forecast of a normal monsoon across the country by the Indian Meteorological Department and projection of 7.2 percent GDP growth by the ...