The last financial year closed on a good note with most automakers in the country reporting positive sales in March 2017.
The Indian auto industry is yet again looking forward to a new year with renewed optimism amid challenges of new regulations. Far from a smooth drive, 2016 turned out to be a journey with major speed breakers as the industry was criticised for lack of participation in the fight against pollution.
At the same time, the industry is geared up to transition to BS VI emission norms from 2020. The story throughout Jan-Mar 2017 has been around the government mooting a vehicle scrappage policy even as it ordered removal of diesel vehicles in Delhi/NCR that were older than15 years. Thus, it's been a chequered year for the auto sector.
Key takeaways from this report are:
- Industry overview and its key economic Indicators
- Performance of different market segments
- Tiered supply chain structure of the Industry
- An overview and check balances of the scrapping policy
- How the sectoral regulatory updates are going to impact the sector
- Statistics and Performance Analysis
Read the full report for more insights.