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Festival demand, good monsoon put car sales in full throttle

Passenger vehicle segment posts 16% growth in August

Festival demand, good monsoon put car sales in full throttle

In full festive throttle, the passenger vehicle (cars, utility vehicles and vans) segment has posted strong double-digit domestic sales growth of over 16 per cent in August. Sales have been strong, with dealers stocking up for the festive demand. Others positive triggers have been a good monsoon, higher pay for government employees and lifting of the ban on 2,000 cc diesel vehicles in the Delhi-National Capital Region (NCR).  With a double-digit growth in the April-August period, the industry looks well-placed to post a double-digit growth in FY17 after a five-year gap. The ...