During June 2017, passenger vehicle sales skidded by 11.21 per cent to touch sales of 198,399 units compared to 223,454 units sold during June 2016 in the domestic market. This is the steepest double-digit decline for the PV segment after May 2013, when this vehicle segment experienced a tumble of 11.70 per cent, according to statistics of the Society of Indian Automobile Manufacturers (SIAM) of India. In December 2016, the PV market took a battering post demonetisation, sliding 8.14 per cent but recovered after the currency returned into circulation. Despite the price cuts that have followed the enforcement of GST, Vishnu Mathur Director General of SIAM says that they are not revising their forecast but will track the market to check the impact of the Goods and Services Tax during the fiscal. The PV market is expected to continue its growth momentum in single-digits of 7-9 per cent during FY2018. The enablers will be lower inflation and pent up demand postponed due to demonetisation that will now support consumption growth. Post GST the PV segment will benefit from a cut in prices. In addition, pay Commission payouts, reduced interest rates and better crop output due to a good monsoon will put more disposable income in the hands of people especially in the rural areas spurring demand.