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Factory output falls for second month in a row in October. Auto industry ended 11-month-long decline in October, but the sector isn't out of woods yet. GST payers need to be careful while claiming input credit tax.
Moreover, the IIP estimates for August 2019 have undergone the first revision and those for June 2019 have undergone the final revision in the light of the updated data received from the source agencies.
Even in the passenger vehicle segment, the heavy lifting was done by utility vehicles that saw a 22 per cent increase in sales, thanks to new products like the Kia Seltos, MG Hector, Hyundai Venue, Maruti XL6 and Mahindra XUV3OO.