Business Standard

Selective buying in auto sector

But it may be a very long haul before the industry sees a stable recovery

car, cars

Devangshu Datta
The automobile industry produced 28,735,269 vehicles including passenger vehicles, commercial vehicles, three-wheelers, two wheelers, and others vehicles in April-February 2019. That’s growth of 8.8 per cent compared to the production of 26,421,110 vehicles in the period, April-February 2018.

In the domestic market, the passenger vehicles sales grew by 3.27 per cent in April-February 2019 year-on-year (YoY). Within the segment, YoY sales of passenger cars, utility vehicles and vans grew by 2.91 per cent, 2.09 per cent and 13.05 per cent respectively.

The commercial vehicles segment registered strong growth of 19.7 per cent YoY. Medium & heavy commercial vehicles (M&HCVs) increased by 17.65
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Mar 31 2019 | 9:51 PM IST

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