Passenger vehicles growth to miss forecast


"Though the sector was able to revive from the bleak performance over the last few months, it could not match the February 2018 level.

The subdued performance can be attributed to low consumer demand caused by higher interest rates, slowing industrial output and moderate economic activity ahead of general elections scheduled for May,”

Sridhar V
Partner, Grant Thornton India LLP

This article appeared in The Hindu on 08th March, 2019.