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The passenger vehicle segment grew by 5 percent and the company expects mid single digit growth to continue in this segment in FY 16-17.

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​​Prima facie, the luxury car was speeding. It covered 20 km of distance in just 9 minutes after crossing the Charoti check post in the Palghar district, 120 km away from Mumbai. The car hit a road divider on the bridge on the Surya river, killing Mistry (54) and Jahangir Pandole on the spot.

With this, for the first time-ever all the three German luxury car companies, BMW, Mercedes-Benz and Audi, will have Indian executives holding the top position. Santosh Iyer will be the MD of Mercedes-Benz, Vikram Pawah is the CEO & President and CEO of BMW India, and Balbir Singh Dhillon is the head of Audi India.

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