passenger vehicle sales
Passenger vehicle sales drop 20 pc in May; car sales down 26 pc
Motorcycle sales last month declined 4.89 per cent to 11,62,373 units as against 12,22,164 units a year earlier.
Disposable income to drive up passenger vehicle sales by 9-10 per cent
ICRA said sales will grow given the low penetration levels and increasing disposable income.
India sold over 300 mn passenger vehicles in FY17
Domestic passenger vehicles sales were at 30,46,727 units as against 27,89,208 in previous year.
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