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Indian auto inc registers 5% growth in FY19
Date: 09/04/2019

Indian automotive industry saw marginal increase of 5 per cent at 26,267,783 units in Financial year 2018-2019, as per the data by Society of Indian Automobile Manufacturers (SIAM). The second half of last fiscal witnessed subdued growth across all segments. Overall Passenger Vehicle segment saw reported an increase of 2.7 per cent in domestic sales for FY19 to 3,377,436 units as compared to 3,288,581 units in FY18, as per the SIAM data. Commercial vehicles saw the highest growth among all segments, an uptick of 17.5 per cent to 1,007, 319 units last fiscal. The segment grew despite the changes in axle norms, NBFC liquidity crunch and increased base effect. Indian auto inc registers 5% growth in FY19 Two-wheelers also grew 4.8 per cent in the fiscal ended March 31 at 21,181,390 units. The overall sales stood at 20,200,117 units FY18. The consumer sentiments are expected to remain dampened at least till the elections.

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