Expect revival in auto market only by Q4FY20, says TVS Sundaram Motors
Updated : May 16, 2019 05:10 PM IST
The automobile industry is reeling under falling demand, with data from the Society of Indian Automobile Manufacturers (SIAM) indicating that car sales in April 2019 saw a decline of 15.9 percent year-on-year (YoY).
Automobile companies sold 2,001,096 units in April 2019, in stark contrast to 2,380,294 in April 2018.
SIAM data has also suggested that last month was the worst for car sales when compared to the last eight years.