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Auto sales move to recovery lane as cash ban impact wears off

Auto sales move to recovery lane as cash ban impact wears off

Friday, March 10, 2017, 3:37 PM

Overall automobile sales in India rose marginally in February, signalling revival in the industry that was hit hard by currency pullback in November last year. With demonetization impact steadily waning, overall sales across categories rose 0.94% to 17,19,699 units in February, compared to 17,03,736 in the same month last year. In December 2016, overall automobile sales growth touched 16 year low of 12,21,929 units.
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