07
Feb
15:59
Ind-Ra revises Indian automotive outlook to negative
India Ratings and Research (Ind-Ra) has revised its outlook on the Indian automotive sector from stable to negative for the fiscal year through March 2021 (FY21). This is based on the expectation of weak sales amid macroeconomic headwinds, as well as an uncertain regulatory environment, limited credit availability and increased cost of ownership.
Indian automotive production slumped -13% on-year in April-December 2019 to 20.74 million vehicles, according to Societ…
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