homevideos Newsauto NewsGood growth seen in entry level car segment, says Federation of Automobile Dealers
Good growth seen in entry level car segment, says Federation of Automobile Dealers
Growth in the entry level car segment is looking good, Vinkesh Gulati, President at the Federation of Automobile Dealers Associations, said in an interview with CNBC-TV18.
Growth in the entry level car segment is looking good, Vinkesh Gulati, President at the Federation of Automobile Dealers Associations, said in an interview with CNBC-TV18.
Passenger vehicle sales saw positive momentum during Diwali, but sales of two wheeler sales, especially entry level motorcycles are yet to see a pick up.
“Hyundai Venue, Creta are seeing good growth,” Gulati said.
Gulati said he expected double digit decline in sales of two-wheelers.
The mass motorcycle segment, 100cc, could see 20 percent growth decline, but there was there was good traction in 125cc and above segment, he said.
According to him, sales of medium and heavy commercial vehicles (M&HCVs) have started rising month-on-month.
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