Showing posts with the label domestic passenger vehicle

Auto Sales in India for FY 2018-19

Auto Sales in India for FY 2018-19 India's automobile industry sales volume is not up to the mark in the last year 2018, as the sales have fallen to a low level in the fiscal year 2018-19. It is also noted that the sales for the last year, which was seen as the lowest in the last five years in India. The reason for the lowest sales is mainly due to higher cost in Insurance, rose of Fuel prices, very few sales in the Festive season and the flood in Kerala last year have affected the volume in the last year. Domestic Passenger vehicle have reached in a Single digit growth. It was seen as 2.7 percent growth in the last fiscal year. Sale of Commercial vehicle s in the current financial year are estimated at 10 percent and on Two wheeler were said to reach 5 to 7 percent in this current year. With the increasing cost in the Raw material, the Car manufacturers were also hiked the prices by 2 to 5 percent in the Vehicle, last January 2019. Although the last year's sales volume were s