WION Wallet: Auto sales at their worst, signs of worry for Indian Economy

WION Apr 09, 2019, 11:16 AM(IST)

India’s passenger vehicle industry reported its worst performance in five years in the just-ended fiscal as higher fuel prices, increase in insurance costs, lack of financing options and farm distress crimped demand. Scooter sales grew at the slowest pace in 14 years, underscoring a slowdown in demand in urban markets.

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