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Rough ride for automakers

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“[The year] 2018 for the auto sector started off on a high note. Commercial vehicles (CVs) and two-wheeler segments were on a roll with CVs especially supported by infrastructure growth. While PVs showed growth in the first part of the year, the pace of growth slowed down towards the end across segments with fuel price increase, NBFC issues and high interest rates,”

Sridhar V
Partner, Grant Thornton India LLP

This article appeared in The Hindu on 27th December, 2018.