The financial year of 2017-18 has come with a situation of Ups and Downs for the Indian Automotive Industry with government implementing BS-IV norms in India. The order had massively hit the two-wheelers and commercial vehicles section in the industry. This continued with the rise in price due to the cess rate in the goods and services taxes. In total, the industry produced around 26,45,618 vehicles including passenger vehicles, commercial vehicles, three wheelers, two-wheelers and quadricycle in April 2018 against 22,42,965 in April 2017. This resulted in a growth of 17.95 percent over the same month last year.
Passengers sale grew by about 7.50 percent in April 2018 over the same month last year. Maruti Suzuki, Hyundai, Toyota and Tata Motors were the biggest gainers in this section. While the Commercial Vehicles segment registered a growth of 75.95 percent in April 2018 as compared to the same month last year.
Three Wheelers sales increased by 54.17 percent whereas the Two Wheelers sales registered a growth at 16.92 percent in April 2018 over April 2017.
The Two Wheelers segment, Scooters, Motorcycles, and Mopeds grew by 12.63 percent, 19.38 percent, and 16.86 percent respectively in April 2018. The automobile exports grew by 24.21 percent in April 2018.
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