While the share of diesel vehicles sales in the overall passenger car industry has already fallen sharply, sales of CNG vehicles have shown a compound annual growth rate of 15.5 per cent over the past five years.
'We have had 27 years of liberalisation and in the same period Korea and Japan and China transformed themselves forever,' says Aakar Patel.
Commercial vehicles however declined by 2.83%
Top carmakers, including Maruti Suzuki India, Hyundai and Honda, are expecting a spike in their sales following the implementation of 7th Pay Commission recommendations.
Schools closed for a day, crops damaged; more downpour on cards
Every year, carmakers announce at the end of November or December their plans to increase prices of their vehicles by January.
Logistics, due to road conditions, continues to pose a challenge.
While two-wheeler sales declined 22 per cent, two other segments, bigger in value while being lower in volume, were much less impacted.
Sales of commercial vehicles rose 5.30 per cent to 52,481 units in January this year, SIAM said.
Demand for passenger vehicles has been driven by new models, especially in the SUV category with the likes of Maruti Vitara Brezza and Hyundai Creta clocking good numbers
During April, Maruti Suzuki India's domestic car sales were up 2.72 per cent at 86,481 units, as against 84,188 units in the same month last year.
Both India and South Korea will use President Park Geun-hye's visit to unveil a comprehensive programme for mutual benefit and impacting on regional security environment, says Srikanth Kondapalli.
The industry players couldn't hide their disappointment.
For an industry which saw sales shrinking in 2013-14, this is hope indeed.
Whether it is protecting its turf in its core utility vehicle segment through new model launches, or stepping up investment in electric vehicles, the Anand Mahindra-led firm is leaving nothing to chance
Group of ministers to review progress every fortnight.
The distinction between "cheap" and "affordable" is a fine one, but no one understands this better than India's aspirational first-time car-owner, says Kanika Datta.
New electric and hybrid vehicles on display as manufacturers plug into environment-friendly segment.
Car sales in India surged by 12.87 per cent in December.
Over 22 passenger and commercial vehicle makers and 18 two- and three-wheeler makers will take part amid proximate security.
Honda cars has strengthend market share in India in the past five years.
