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Continuing on the sales upswing
during December 2017, the Indian automotive industry beats the low base effect
prevailing during the months of November and December 2016. As December results
of automotive companies flow in, most of the vehicle segments have shown the
post robust double-digit growth.
The auto sector also benefited
from the year-end discounts and the sales hike due to vehicle manufacturers announcing
increase in price ranging between 2-5%, kick-starting from January 2018.
Commercial Vehicles
CVs witnessed a healthy double-digit growth during December. While new model launches have kept the consumers’ interest up, infrastructure development and road building activities have boosted the CV sector.
Passenger Vehicles
The passenger vehicle industry
was marked by a mixed fortune. While some carmakers experienced a robust
double-digit growth, others grew in single-digit.
Two-wheelers
Among two-wheeler players, Hero
MotoCorp crossed the landmark of 7 million units in cumulative sales in a
calendar year.
Three-wheelers
The three-wheeler segment of TVS
Motor Company grew by 72.1 per cent, rising from 5,393 units in December 2016
to 9,279 units in December 2017.
As ratio of Used
Automotive to that of the New One is 1:1, Used Automotive Industry is also on
the road towards growth. So if you are looking forward to acquire or dispose
used vehicle or equipment at optimal prices, visit your nearby Shriram Automall
today.
Shriram Automall IndiaLimited (SAMIL) the No.1 Used Vehicle and Equipment Provider in India, through
its extensive line up is the leading service provider.
You can also click the
link below for convenient registration.
Link:
Download MySAMIL App:
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