Passenger vehicle sales in free fall

According to projections, sales of passenger vehicles (cars, SUV/UVs, vans) will finish 2020-21 at 1.91 million units, lower than 1.95 million units sold in 2009-10. Volumes in two-wheelers (motorcycles, scooters and mopeds) will be less than what the companies had sold in fiscal 2011-12 (12 million versus 13.4 million in FY12).

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