15th January 2018
From the looks of it, 2018 has the makings of a good year for the Indian automotive industry, both vehicle manufacturers and component suppliers. For the first time in a calendar year, the industry sold over 3.2 million passenger vehicles in 2017, growing 8 percent YoY. Within PVs, cars sold a record 2,168,000 units (+5%) in CY2017 and UVs witnessed a surge of 20 percent, selling 870,000 units.