Indian Passenger vehicle showed excellent growth in Q2 FY 2017 before the festive season starts in India. The new vehicle launch specially the SUV segment is giving new trend to Indian Market. The Jeep segment also fulfills by launching products in this category. Pricing strategy flowing in a different direction, some OEMs increased the price and some OEMs cut the price due to new product position and competitive landscape. We are expecting double-digit growth in passenger vehicle during the festive season.
Our Study Frame:
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