India Auto Sector Outlook FY18 🚗

The new fiscal 2017-18 augurs bright for the Indian automotive sector. Passenger vehicle sales are expected to experience demand growth due to better pay commission payouts and a better rabi crop. However cost of ownership is expected to rise by 4-6 percent of petrol and diesel cars due to rising raw material costs. In the two-wheeler segment, motorcycles are expected to grow moderately. Demand in the economy and executive sub-segments will revive gradually as more cash flows into the economy says Vishnu Mathur, Director General, SIAM.