"According to auto experts, it has been a fairly tepid performance by passenger vehicles despite the festival season in October including Dussehra and pre-Diwali buildup of inventory at the dealership. Within this segment utility vehicles have shown a little more interest. It appears the interest rates, fuel prices and insurance cost have been the cause,"
Partner, Grant Thornton India LLP
This article appeared in Fortune India on 09th November, 2018.