PV makers record double-digit sales decline in April

FY2019 was a year that the Indian automotive would like to forget in a hurry, what with single-digit growth (+5.5%) overall and 2.7 percent for the passenger vehicle (PV) industry impacted as it was by a slew of economic and consumer sentiment factors. FY2020, the new fiscal year, has begun on a similar note, if not worse. The overall subdued market sentiment continues to affect sales momentum and it might a few months before the market revives.  

The PV industry, which is still coming to terms on Maruti Suzuki India’s big announcement to stop making diesel-engined cars from ...