Base effect mutes passenger vehicle sales

Automobile majors recorded flat growth despite Diwali & Dussehra- two major festivals defining October

While the festive cheer had boosted passenger vehicle (PV) sales in September, the Diwali month of October saw muted growth on high base effect seen a year ago. Numbers from automobile majors suggest rather flat growth this month compared to October 2016, which was defined by both Dussehra and Diwali falling in the same month. 

The country’s largest carmaker, Maruti Suzuki India Ltd (MSIL), posted a 9.3 per cent rise in passenger vehicle (PV) sales in October 2017, the second-largest PV player posted a 0.8 per cent dip in its wholesale figures. Mahindra and Mahindra (M&M) and Honda Cars India saw