Q1 ended on negative note led by CV segment de-growth: Ashish Kale, FADA
  • WebDesk BTVI
  • Jul 16 2019

FADA President Ashish Harsharaj Kale says the first quarter of FY20 ended on a negative note with commercial vehicle segment leading de-growth. He says liquidity crisis continues to be a worry, both at retail and dealer working capital fronts. He adds that it is difficult to predict timeline for auto sector recovery, but expects demand to revive after monsoon with the onset of festive season.