November 2017 volumes for all automobile companies across segments registered a strong growth, albeit on a low base (as Nov’16 was impacted by demonetisation), coupled with post festive season inventory re-filling at the dealer level. While there was growth across segments, surge in CVs was particularly strong. With recovery in rural demand and positive consumer sentiment, supported by the demonetisation impacted low base, volume growth in the coming months is expected to be strong.
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