"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,".

Sridhar V
Partner, Grant Thornton India LLP

This article appeared in DNA India on 11th December, 2018.