Car Sales Soar 15% to 2.66 L Units in Jan­uary

The Economic Times - - Front Page -

NEW DELHI: FM Arun Jait­ley said the de­mon­eti­sa­tion im­pact will not spread into next fis­cal year. The ef­fect is al­ready vis­i­ble in car bazaar, with sales in Jan­uary grow­ing 15%, the high­est in the last four months. Pas­sen­ger ve­hi­cle sales in Jan­uary 2017 stood at 2.66 lakh units as com­pared to 2.32 lakh units a year ago. The spike may also be be­cause of low base of Jan­uary 2016, a month where in­dus­try was reel­ing un­der a 2-litre diesel ve­hi­cle ban.—

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