This comes at a time when the auto industry saw a 12.25 per cent decline in production in April-August 2019 compared to last year.

Sales dip for tenth straight month, logging worst-ever fall of 31.57 per cent.

Volvo Trucks recorded sales of 76 units against 121 units a year ago, down 37.2 per cent.

The latest India Meteorological Department data showed that from June 1 till now, country as a whole received normal rains at 702.3 mm.

It said the passenger vehicles sales decline would be in the range of 4-7 per cent and M&HCV trucks would drop in the 0-5 per cent range in FY20.

he Renault Triber is the newest sub 4-metre multi-seater to go on sale in India.

The electric bike is already available on sale in the US, Canada and European countries.

Production volume of OEMs is estimated to either degrow or log low single digit growth at best in the next two years.

Sitharaman has sought to increase liquidity in the hand of the consumer in the form of easier access to loans.

Automakers were now banking on the festival season for a lift up, which is expected by the end of this year.