Volvo Trucks recorded sales of 76 units against 121 units a year ago, down 37.2 per cent.
Till date over 450 dealerships of various auto brands have been shut across the country due to sales slump, rendering thousands jobless.
PV production in the April-July period stood at 12,13,281 units as against 13,97,404 units in same period last fiscal.
Maruti may operate just one shift at factories.
M&M said it would be observing 'no production days' in various plants for 8-14 days during second quarter of 2019-20.
The country’s biggest lenders and automakers have all sounded warning bells over the slower growth in demand and consumption.
However, Bharti Airtel, Asian Paint, Tata Motors and Infosys gained in the morning trade.
Shareholders approved the re-appointment of Chandrasekaran with 98.65 per cent votes.
Led by losses in these scrips, the BSE auto index fell 1.07 per cent to close at 16,948.23.
The scrip, after a weak opening at Rs 186.60, further dropped 6.10 per cent to Rs 178.40 on the BSE.