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Indian Auto sector witnesses boost in September 2017 this festive season

SIAMIndian automobile industry has gained momentum in September 2017 on the back of strong sales in the festive season that commenced on Ganesh Chaturthi and stretching to the forthcoming Diwali.

The overall September 2017 sales witnessed 10 percent year-on-year growth.

According to data released by Society of Indian Automobile Manufacturers (SIAM), all vehicle segments put together have clocked 2,490,034 units.

The passenger vehicles segment surged by 11.32 percent to 309,955 units while commercial vehicle sales jumped by 25.27 percent to 77,195 units, three-wheelers segment galloped by 19.08 percent to 61,860 units and two-wheeler sales increased by 9.05 percent to 2,041,024 vehicles.

The experts said sales in September 2017 bounced back primarily because of good demand witnessed from rural India.

A combination of a bountiful monsoon, new vehicle launches as well as a boost in consumer demand from the nine-day Navratri festival and Dussehra, which is an auspicious season to buy vehicles have helped automakers post robust growth.

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