Passenger car sales recover in July, UVs shine, industry notches 13.22% YoY growth
Passenger car sales which had dipped 5.18% in June to 154,237 units, have risen to 177,604 units in July, up 9.62% YoY. UVs have posted their second best-ever sales this calendar year – 64,105 units (+41.85%),
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The start of the second quarter of FY2016-17 has brought good tidings for the Indian automobile sector, coming close on the heels of the fallouts of the positive announcement of the clearance of the Goods and Services Tax (GST) Bill by the Rajya and Lok Sabhas.
As per the sales data released by apex industry body SIAM today, overall industry across vehicle segments grew by 13.22 percent with sales of 1,833,976 units in July 2016. Importantly, passenger car sales which had dipped 5.18% in June to 154,237 units, have risen to 177,604 units in July, up 9.62% year on ...
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