Key highlights:

  • Sales numbers in August are clearly positive
  • Signal that the automobile industry is almost out of the difficult times
  • Passenger vehicles have registered a 7.5% growth during the April to August in FY18

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Automobile companies have seen a good growth in April to August 2017 period despite several road bumps during the period. The sales numbers in August are clearly positive and signal that the automobile industry is almost out of the difficult times, said a CARE Ratings report.

While passenger vehicles have registered a 7.5% growth during the April to August in FY18, it is a little lower to 11.3% growth in the same period in FY17. Commercial vehicles (CV) sales posted a 33.1% decline in sales in the same period in FY18, from an 8.7% growth in FY17.

Car sales continue robust growth in August: SIAM

  • Car manufacturers post mixed sales in August; CV sales make big recovery
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