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Automobile sales hit 60-month low in December

These are worrying times for the automobile industry. Demonetisation has hit them hard. Total automobile sales which include commercial vehicles, passenger vehicles and two & three wheelers hit their lowest level since January 2012 at 1,523,224 units in December 2016.

Motorcycle sales during the month decreased by 18 per cent to 2,03,312 units from 2,47,782 units in the same month in 2015, the company said in a regulatory filing.
Honda Cars India Ltd (HCIL) today said it will hike prices of its vehicles across models by up to 3 per cent from next month.