Two-wheeler and commercial vehicle sales end 2017 in top gear

Automobile sales in India fell 18.66% in December 2016, the steepest in 16 years as severe cash crunched forced consumers to put off purchase

Shrugging off the impact of demonetisation, two-wheeler and commercial vehicle (CV) manufacturers ended the 2017 calendar year on a high note. The monthly sales data released by the companies on January 2, show that the sales of these vehicles advanced at a fast clip in December 2017 over the year-ago-period as last year’s low base, which came after the note ban in November 2016.

While steep discounts and attractive finance schemes drove truck sales in top gear last month, a sales push by the two-wheeler companies, led to higher two-wheeler dispatches. Volumes are expected to remain buoyant till the end