Festive cheer for UVs in October but future industry growth still uncertain

The numbers for October 2019, the month which uniquely had Dhanteras, Navratri and Diwali in it, are out. If industry stakeholders expected fireworks, then they would be disappointed because while the rate of sales decline has slowed, the worry about the months ahead remains even as the industry sees 11 straight months of overall sales decline.     

While India Auto Inc registered a decline of 12.76 percent with cumulative sales touching 2,176,136 units (October 2018: 2,494,345), passenger vehicles (PVs) just nudged the baseline by posting flat sales of 0.28 percent at 285,027 units (October 2018: 284,223). This is thanks to ...