UVs lead the charge in April
Sales across vehicle segments have seen a smart uptick in April 2016, with demand for utility vehicles surging.
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The Indian automobile industry is off to a good start in fiscal 2016-17. While sales figures revealed independently by vehicle manufacturers were indicative of good cumulative numbers, official data released by apex industry body, the Society of Indian Automobile Manufacturers (SIAM) reveals a strong overall performance.
While the beginning of the marriage season during April boosted two-wheeler sales, an improvement in the overall urban market sentiments aided the automotive industry to solid domestic sales of 1,900,879 units across segments and a handsome 20.04% growth over April 2015. Importantly, all vehicle segments are in positive territory.
The frontrunner is ...
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