Vehicle sales drive around note ban in south

However, northern and western markets have taken a hit

Demand for passenger cars and two-wheelers in the south was not impacted during the December quarter, while the northern and western markets have taken a hit, it appears.

Demand for medium and heavy commercial vehicles (M&HCVs) was weak in the western and southern states in the quarter; demand in northern states was relatively steady.

A report from the Society of Indian Automobile Manufacturers and Kotak Institutional Equities Research says passenger vehicle (PV) sales in the country rose by 1.5% during the quarter, to 749,051 units from 738,135 in the same period a year before. The growth was mainly from the