India Ratings and Research (Ind- Ra) has published the January 2020 edition of its credit news digest on India's auto sector. The report highlights the trends in the sub-segments of the auto sector, including passenger vehicles (PVs), commercial vehicles (CVs) and two-wheelers (2Ws), with a focus on sales volumes growth, market share movement, change in commodity prices and recent rating actions. Domestic retail automobile sales volume continued to decline in January 2020 on lower consumer sentiments, despite heavy discounts, as buyers continued to show proclivity to wait for new launches and for Barat Stage VI to kick in from April 2020. PV, CV and 2W retail sales fell 5%, 7% and 9% yoy, respectively, in January 2020. At the original equipment manufacturers (OEM) level, overall sales volume fell 14% yoy in January 2020.
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