This State Has The Highest Passenger Vehicle Sales In India For FY16

The passenger vehicle (PV) sales are robust and will continue to grow year on year. Statistics show a large shift from diesel vehicle to the petrol vehicle attributed to the diesel ban in Delhi.

Among the states in India, Maharashtra stakes claim the number one position with sales of 354,500 PV being registered. An 8.9 percent increase compared to the previous financial year.

Second on the list is Uttar Pradesh with registrations of 233,000 PV in the country. On the third position is Gujarat with 230,350 PV being registered and an increase of 13 percent.

Coming fourth in the list is Karnataka, the state witnessed registrations of 218,000 PV in the current fiscal, a 13.5 percent increase compared to previous year.

Breaking into the top 5 list is Delhi which pipped God's own country, Kerala with registrations of 199,400 PVs, 9.5 percent increase.

The sales in Kerala have dipped due to dented remittance due to the challenging economic conditions in the Middle East.

Rakesh Srivastava, senior vice-president (sales & marketing), Hyundai Motor India said, "Low crude prices challenged the Middle eastern economies are affecting a large population of workers coming from Kerala and the remittances they send back home, cutting down disposable incomes and thereby vehicle sales in the state,"

As for the preference of petrol cars over diesel cars, which grew a five-year high of 56 percent at the end of Financial Year 2016. The price difference between petrol and diesel over the years has been narrowing which led to an increase in purchases of petrol vehicles.

Via: ETAuto