Page 9 - Passenger Vehicle Sales
Base effect mutes passenger vehicle sales
Automobile majors recorded flat growth despite Diwali & Dussehra- two major festivals defining October
 "Base effect mutes passenger vehicle sales")
Passenger vehicle sales decline 11% in June
Sales of commercial vehicles grew by just 1.44%, while three-wheelers declined almost 25%
 "Passenger vehicle sales decline 11% in June")
Passenger vehicle sales rise 9% in May; car sales up by 5%
Off take of sub-segments like utility vehicles also rose by 19%, while van sales saw a 10% jump
 "Passenger vehicle sales rise 9% in May; car sales up by 5%")
Better rabi crop, 7th Pay Commission to boost FY18 passenger vehicle sales
However, increase in raw material costs and oil prices may negatively impact sales
 "Better rabi crop, 7th Pay Commission to boost FY18 passenger vehicle sales")
Overall domestic passenger vehicle sales dips 1.36%: SIAM
Major setback is witnessed in motorcycle sector as the industry saw sales dipped 22.5%
Diwali sales: Smaller car firms race past bigger players in October
Despite slow October growth, Hyundai sells 50K units for first time
 "Diwali sales: Smaller car firms race past bigger players in October")
PV sales in India set to cross 3 million mark this financial year
In the last financial year, 27,89,678 passenger vehicles were sold in the domestic market
 "PV sales in India set to cross 3 million mark this financial year")
A record 3 million passenger vehicles may get sold in FY17
High single to double digit growth likely after a wait of 5 years
 "A record 3 million passenger vehicles may get sold in FY17")
February likely to see low passenger vehicle sales
The performance of Maruti Suzuki, the largest player, is also likely to be flat
 "February likely to see low passenger vehicle sales")
