Scooters, once the fastest growing sub-segment, also declined for the second consecutive month in September.
HSBC analysts believe the UV which might sell about 3,000 units a month might fail to be an aspirational product in urban India.
Despite a 187 km, seven-line metro network carrying 2.4 million commuters every day, private vehicles rose 92% over the last 15 years
Currently, Maruti Suzuki has 14 car brands, but it has decided to expand into some new segments.
Includes all-new versions of Swift and Swift Dzire.
Weather forecasts have notoriously large error margins.
Industry seeks cut in customs duty on natural rubber.
If the economy gains momentum, that is a big positive for markets, given the strong macro of low inflation, falling rates, and a stable rupee, says Akash Prakash.
Many say Tata Motors has perhaps paid the price for being too ambitious.