India's automakers seek tax cut to boost demand
Passenger vehicle sales in India fell 18% in the year to end-March 2020
Auto industry to gain most from tax cut
However, the industry itself and sector analysts are optimistic that the worst is over.
Auto sales to decline sharply across segments this fiscal
It said the PV sales decline would be in the range of 4-7 per cent and M&HCV trucks would drop in the 0-5 per cent range in FY20.
Cheerless festival ahead for autos
On government’s intervention with a stimulus package, he said there was no certainty if this would happen.
Low single digit growth seen for tyre firms
Higher spend towards servicing debt-funded capex will squeeze the margins as well.
Nissan, Tata Motors expect near-flat industry growth in FY19
In the current fiscal, the automotive industry is expected to witness flat growth," president of Nissan Motor India.
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