data interpretation about production of different brands of car in india in last five years
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In 2016, automobile demand remained robust despite the slowdown overcast in the last five months of year. All segments reported strong double-digit growth in the calendar year ending December 31 except passenger vehicles which reported a growth of 5 per cent. Three-wheelers sales grew fastest followed by commercial vehicles, two-wheelers, and passenger vehicles. The overall automobile sales crossed 26.7 million units for the first time.
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Some data interpretation about the market production is as follows:
- Despite a drop in the final five months of the year, demand for automobiles remained strong in 2016.
- With the exception of passenger vehicles, which increased by 5% in the calendar year ended December 31, all segments had double-digit growth.
- Three-wheelers were the fastest-growing segment, followed by commercial vehicles, two-wheelers, and passenger vehicles.
- Total car sales reached 26.7 million units for the first time. India has registered over 295 million vehicles since the beginning of 2019, making it one of the world's largest automobile markets.
- In 2019, it was the largest two-wheeler manufacturer in the world.
- The home market was likewise controlled by this business.
- The south Asian country expects to sell over 17 million two-wheelers domestically by 2020. During the previous year, there was a decrease in the number of two-wheeler sales.
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