UVs and motorcycles drive growth in August as industry volumes rise 24% YoY
The Indian automobile industry has notched record sales in August with total volumes crossing the 20-lakh unit mark and the motorcycle sales crossing the 10-lakh unit mark after a period of 10 months.
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Carrying on from the strong momentum in July 2016, the Indian automobile industry notched record sales in August with total volumes crossing the 20-lakh unit mark and the motorcycle sales crossing the 10-lakh unit mark after a period of 10 months.
The passing of the GST Bill in the Parliament in July, followed by the lifting of the diesel ban in Delhi-NCR, coupled along with the better-than-expected monsoon season has fueled demand during the month, which has reflected in the stellar numbers.
According to the monthly sales data released by the Society of Indian Automobile Manufacturers today, overall ...
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