 "Bike sales")
Domestic sales of passenger vehicles (cars, vans and utility vehicles) and two-wheelers witnessed a healthy growth rate of about 12 per cent and 10 per cent, respectively, in the first two months of the financial year 2017-18. However, this is not the real growth of the industry, as it was dominated by just two companies — Maruti Suzuki in the case of passenger vehicles (PV) and Honda in two-wheelers. Both the companies are controlled by Japanese auto majors — Suzuki and Honda, respectively.
If one looks at the performance of the PV industry minus Maruti Suzuki, the growth rate
If one looks at the performance of the PV industry minus Maruti Suzuki, the growth rate
