April 2017 Car Sales – Snapshot
The Indian Auto Industry registered a double digit growth in the first month of the Financial Year and was backed by Market Leader Maruti’s stellar performance. Maruti yet crossed 50% Market Share and grew over 23% when compared to the same period last year! The other Japanese Giants (Toyota, Honda & Nissan) too grew strongly with a YoY growth of 52%, 38% & 39% respectively. Mahindra & Renault had a tough time with the newcomers (KUV, Kwid) not matching previous years success run. The post-demonetization woes doesn’t seem to end for the Luxury Car makers and not a single OEM posted a positive growth!