- M&HCVs saw 169.26% growth! The sector has really seen some positive momentum post good monsoons and increase in infrastructure related activities. The growth in the segment is a positive indicator for the overall economy as well.
- 3-wheelers is faring extremely well. While we thought the segment would slowly fade post the advent of 4-wheeler passenger and load options (Ex: Ace/Maxximo, Magic/Minivan); the segment is gaining strength year on year!
- Two-wheeler segment too saw a double digit growth owing to good monsoons and growth in upcountry markets. With this, India shall continue to be the World’s Largest Two Wheeler market!
- Though Passenger Vehicle segment saw a positive 7.5% growth; the industry has been inconsistent over months and apart from Maruti, all other OEMs are struggling to make their presence felt.