Not-so-august month for car and 2-wheeler OEMs , CVs notch double-digit growth
Even as passenger vehicle and two-wheeler OEMs felt the pressure of slowing sales in August 2018, the CV industry continues to march ahead with robust sales.
03 Sep 2018
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August turned out to be a not-so-August month for most passenger vehicle (PV) and two-wheeler manufacturers. And it's due to a combined effect of the devastating floods in Kerala, which is a sizeable PV and two-wheeler market, and the relatively high year-ago base effect.
Market leader Maruti Suzuki India itself felt the pressure and has reported total overall sales of 145,895 units in August 2018, down a considerable 3.6 percent (August 2017: 151,270). Other than the entry-level segment of the Alto and Wagon R and the new Ciaz, the company sees sales down in all its other segments, particularly felt ...
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