FY 2016-17 began with a positive note for all segments

Year 2015-16 which ended on a positive note for the automobile industry speculated the year 2016-17 to further increase the demand considering the factors like introduction of 7^th Pay commission, price of petrol & diesel and lower rate of interest. Proving all the factors right the month of April witnessed good number of sales in all segments in spite of price hikes by automakers which has boosted the momentum.

All major OEMs posted a good number of sales growths in comparison to April 2015. Festive mood of people thanking the occasions of New Year (Gudi Padwa, Baisakhi, Vishu, Bihu, Ugadi and Cheti Chand) offers. Top passenger vehicle players like Maruti Suzuki India, Hyundai Motor India and Mahindra & Mahindra – posted healthy sales figures to kick-start 2016-17 on a high note. Like the last fiscal, the medium and heavy commercial vehicle (M&HCV) segment continues to grow in double digits but importantly light used commercial vehicles have posted positive numbers, signaling overall growth in the sector.

The only negative factors which lead to decline in the sales of Diesel vehicle is the continuing diesel vehicle ban above 2000 cc in the National Capital Region because of which some major OEMs like Honda, Toyota, Mercedes etc. were not able to pull through the last year sales, however they are confident that this year will be a good one and all the arrears will be met with high number of sales.

Meanwhile the sales of used vehicles & equipment are also on a record high thanks to coming of organized players in the industry like Shriram Automall. The company offers widest range of used vehicles & equipment of all make and models under one roof to choose from at competitive price.