India Ratings and Research, a Fitch Group Company has revised its outlook on the auto sector to negative for FY21 from stable, on the expectation of weak sales amid macroeconomic headwinds,etc.

India Ratings and Research has also maintained a negative outlook on its rated portfolio for FY21

According to reports, the aggregate revenues of listed automobile players have dropped by 25 per cent in the second quarter.

The roll out of the government’s FAME II policy will give a needed impetus and help achieve greater penetration of EV.

The Indian automotive industry provides a lucrative proposition for investment. Automotive retailers form a critical aspect of the value chain since they are the single touch point, based on which customers perceive the brand and experience the product.

Mercedes-Benz continued its lead in the Indian luxury car segment for the fourth year in a row by registering a record sale of 15,538 units in the January to December 2018 period.

The company sold 15,538 units between January and December 2018; crossing thew 15,000 mark for the second consecutive year.

SUVs have been highly aspirational product for consumers. While high-cost of SUVs kept customers away earlier, the entry of affordable options in the recent years has made the segment the fastest growing in the Indian automotive industry, says Rakesh Rao.

Despite having Fiat brand - a household name in India since decades - Fiat Chrysler Automobiles(FCA) was struggling to find its way in the country.