Maruti, Tata and Honda pump up PV volume in May 2018

Key passenger vehicle (PV) manufacturers in India have announced their sales results for the second month of FY2019, and from the looks of it, the PV industry could very well be seen accelerating hard in the fast lane. While most companies have posted strong year-on-year growth, what remains as a serious speedbreaker to future growth is the consistently rising price of petrol and diesel, which is showing no signs of any significant respite.

Local prices of fuel, which have been soaring over the last few months, first hit a 55-month high of Rs 81.92 a litre for petrol and Rs 69.50 for diesel in ...