Auto sales go from bad to worse, fall 21% in May3 min read . Updated: 11 Jun 2019, 11:55 PM IST
- Sales of passenger vehicles register the steepest decline in nearly 18 years
- Top carmakers such as Maruti Suzuki have been forced to close factories temporarily to reduce stocks
Mumbai: Passenger vehicle sales in India posted the steepest drop in nearly 18 years in May amid weak demand and a liquidity crunch faced by non-bank vehicle financiers, prompting major auto makers to cut production.
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