India auto sales gain momentum in September but tractors lag: Jefferies

Indias automobile sector is expected to see broad-based growth in September with passenger vehicles two-wheelers and commercial vehicles recording strong sales momentum while tractors are likely to lag behind according to a Jefferies research report Vehicle registrations during the first 25 days of September rose 78 per cent year-on-year for passenger vehicles and 75 per cent for two-wheelers while registrations of medium and heavy commercial vehicle trucks increased 53 per cent Tractor registrations in contrast grew only 4 per cent during the period