Over FY06-16, Automobile sector faced the fastest growth at CAGR of 9.4%. Out of which two-wheelers faced the fastest growth of all i.e. at CAGR of 10.09% due to increase in number of young drivers.
Just two months into the New Year & Automobile sector is facing quite impressive growth. Where the 2017 Union Budget announcement is being slated, automobile sector is keeping an optimistic approach towards it as it aims to boost the sector.
The Union Budget will give boost to the economy, especially rural and infrastructure. With an outlay at Rs 3.96 lakh Crs & complete focus on Infrastructure, would be a positive for commercial vehicle industry as it will boost the demand of both commercial vehicles & equipments
Read More
Just two months into the New Year & Automobile sector is facing quite impressive growth. Where the 2017 Union Budget announcement is being slated, automobile sector is keeping an optimistic approach towards it as it aims to boost the sector.
The Union Budget will give boost to the economy, especially rural and infrastructure. With an outlay at Rs 3.96 lakh Crs & complete focus on Infrastructure, would be a positive for commercial vehicle industry as it will boost the demand of both commercial vehicles & equipments
Read More