Maruti Suzuki chairman says monsoon pickup has kindled hopes, asks banks to step up credit.
Shift to BS-VI, govt push for cleaner fuels, diesel vehicle ban in NCR hit demand.
According to SIAM, in the first seven months of 2019, PV sales dropped 13.2% to about 1.76 million units
At current monthly sales, FY20 passenger vehicle sales may fall to around FY15 levels
Revenues from operations during the period under consideration went up 14% to Rs 16792.63 cr.
India head cites high taxes on luxe cars and BS VI as reasons for falling volumes.
The company will deploy the resources to expand its used car transaction services business and launch operations in two new markets in Southeast Asia in the course of the ongoing financial year.
The think tank made no proposal, it hopes India to achieve zero emission by 2047, the centenary year of independence.
Last month, Hyundai sold a total of 16,234 units of Creta, Venue, Tucson and Kona Electric, while in comparison M&M sold 16,003 utility vehicles (UVs).
Footfalls at dealerships had also started to decline, suggesting extremely weak consumer sentiment.
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