Domestic sales of passenger vehicles — cars, vans and utility vehicles — have retained their growth momentum, clocking an estimated increase of 8 to 9 per cent year-on-year in February. Based on the performance of the seven companies that have announced results, the industry shows a growth rate of 10 per cent to 253,868 units. But this will tone down when we include players who have not announced their numbers.
The domestic industry volume has grown at 8 per cent in the April-January period of 2017-18 and now looks set to exit the year with a growth rate of over

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