Collapsing Car Sales Show PM Modi's Growth Challenge: 10 Points

Sales of passenger vehicles, including cars, SUVs and vans, declined 20.55 per cent in May, according to SIAM's data. A total of 1,47,546 cars were sold in the segment during the month. The latest data also highlights a liquidity crisis and higher cost of credit in the aftermath of a default by IL&FS last year, which led to a contagion effect on the country's non-banking finance companies sector. Total sales of the country's auto...