Ind-Ra revised auto volumes growth forecast to 12%-16% YoY from the initial forecast of 16%-20% YoY. The downward revision is due to a revision in the growth forecasts for 2Ws and PVs.

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

The demand for Indian-made vehicles could be fuelled globally with BS VI compliant vehicles being made mandatory from April 2020, says India Ratings report. The domestic automobile industry has witnessed strong sales volume growth in FY18 backed by commercial vehicles, according to the March edition of the credit news digest on India’s auto sector of the India Ratings and Research (Ind-Ra).