"Overall vehicle sales have risen primarily based on two-wheeler sales followed by commercial vehicle sales and more so the light commercial vehicles. The PV segment, which has shown a negative growth amid festival season has been a "let down".
But the strain is visibly caused by multiple factors, most important of which is the increase in cost of financing and the availability of financing from NBFCs,".
Partner, Grant Thornton India LLP
This article appeared in DNA India on 11th December, 2018.