SALES ANALYSIS: September 2017 | India Auto Inc in festive mood as all segments drive onto growth road
With passenger vehicle sales notching a record high in September, commercial vehicles steering into sustained growth and two-wheeler numbers picking up pace, the Indian automobile industry is headed for good times, some hiccups like the GST cess and fuel prices notwithstanding.
12 Oct 2017
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Diwali has come early for the Indian automobile industry as overall numbers point to 10 percent year-on-year growth. Official industry sales data for September 2017, revealed by apex body SIAM, shows all vehicle segments put together have closed in on the 2.5 million mark. In fact, at 2,490,034 units sold, it is barely 9,966 units short of the landmark. Importantly, all segments – passenger vehicles (309,955 / +11.32%), commercial vehicles (77,195 / +25.27%), three-wheelers (61,860 / +19.08%) and two-wheelers (2,041,024 / +9.05%) – have posted robust growth.
What the September 2017 sales numbers indicate is that demand has bounced ...
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