The country’s biggest lenders and automakers have all sounded warning bells over the slower growth in demand and consumption.
Maruti Suzuki will pitch the new cross-hatch as a direct rival to the Renault Kwid.
The Ertiga-based premium 6-seater Nexa MPV will go on sale on 21 August 2019.
India’s jobless rate rose to 7.51 pc in July 2019 from 5.66 pc a year earlier, according to private data group CMIE.
The passenger vehicle dispatches from factory gates to dealerships are counted as sales in India.
The company maintained margin above 10 per cent level despite subdued environment.
Last month, PV sales fell 17.54 per cent to 2,25,732 units, down from 2,73,748 units the automobile sold in the year-ago period.
Maruti Suzuki has strengthened its inventory in Mumbai and contracted towing agencies to quickly repair affected vehicles in the city.
Petrol-powered Swift now dearer by Rs 16,000 while diesel variants get a hike of Rs 6,000
The S-Presso, which is set to be launched around the 2019 festive season, will be an entry-level crossover