The decline in Maruti's sales just when it looked like the worst was over in October, adds to the narrative of a deepening slowdown in the overall Indian economy now inching towards a recession

Industry volumes collated from the top 11 passenger vehicle makers that released their figures on Friday pointed to a marginal 1.5 per cent growth last month at 280,418 units against 276,398 units last year

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Slowdown blues: The reluctance by current owners to spend more on their cars is another dampener for the community that typically makes more money by servicing cars than by selling them.

The most important thing to do now is not to shock the system, give confidence to the industry, bring liquidity into the system and reduce interest rates.

Mining and quarrying was one of the only three segments that expanded in the April-June period of this fiscal over last fiscal, yet the situation on the ground or at the pit head of a mine in this case, is anything but rosy.

The hike in depreciation benefit will be valid for all vehicles bought between now and March 2020. It is expected to help clear the high inventory build up at dealerships across the country today

The industry has hit new lows across the board as tight liquidity, low consumption sentiment and increasing costs due to stricter safety norms have combined to form a strong headwind

Compact SUVs are an outlier in a sluggish passenger vehicle market in India. With everybody aspiring for a piece of action, competition is set to ratchet up

Major reasons for a slump in the sales are slow production and weak consumer demand; most auto companies had recorded a fall in their profit in Q4 of FY19, and overall production and sale in May

Worried that the ongoing GDP growth deceleration may pick up pace, some states are favouring a reduction in tax rates in the upcoming GST Council meeting. The highest tax bracket of 28% currently comprises 28 goods.

All eyes will be on the RBI's Monetary Policy Committee meet on June 6 which will set tone for the Indian equities; the auto stocks will remain in focus as the market will react to auto sales numbers released by the domestic companies

Unemployment, liquidity crunch and scepticism around monsoons may have resulted in a consumption dip, but the appetite to consume very much exists.

BMW X5 is one of the top-selling models for the carmaker in the domestic market, and the latest version of the SUV will compete with the likes of Mercedes-Benz GLE, Volvo XC90, Range Rover Velar, Porsche Cayenne and the Audi Q7

Markets Live: Sensex closes 372 points or 0.99 per cent lower at 37,090 and Nifty ended at 11,148 down 130.70 points or 1.16 per cent.

Once touted as the fastest growing industry in the world, passenger vehicle sales are estimated to have declined by over 17 per cent last month - steepest in a month since October 2011

In fiscal 2019, mere 376 Nanos were delivered to customers. That is almost half of what India's bestselling car-Maruti Alto - sells in a day.

There were no new entrants in the top 10 bestseller list in fiscal 2019 with Maruti accounting for all the top five positions and had seven cars in the top 10 list