The first month of a new year
always brings in good tidings and it is no different for 2018, though with
Union Budget FY2018-19 coming in, it has been a mixed result for vehicles of
all segments.
In the passenger vehicle market, rise in vehicle prices at the start of
the year has turned out to be a speed breaker in the sales. Close of last year
had witnessed hefty discounts on offer in the market as car makers vied with
each other to exhaust old stocks.
The country’s largest passenger
car manufacturer Maruti Suzuki India posted a single- digit growth of 5% in the
domestic market.
Two wheeler Market on the other hand witnessed a sales boost and further
The Government announcements in Budget 2018 are expected to accelerate rural
demand for the segment.
Commercial vehicle market in the first month of New Year 2018,
listed double digit growth. The largest manufacturer in the segment -Tata
Motors’ clocked domestic sales of 39,386 units, an uptick of 38% compared to
28,521 units recorded in January 2017.
Three-wheeler market saw a step up in Januray2018. TVS Motor
Company witnessed an uptick demand of 81.6% to 8,806 units. Also in the
three-wheeler market, M&M has made its place selling 4744 units (3058
units) in the month under review, up 55%. It is expected to get a further leg
up with the new Budget 2018.
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.
Download MySAMIL App:
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