The country’s biggest carmaker, Maruti Suzuki, will have to settle for a single-digit volume growth in 2018-19 fiscal year after four consecutive years of a double-digit sales expansion. The company, which sells every second car in the world's fifth biggest market, India, had set a target of double-digit growth at the beginning of the year.
However, a combination of factors such as Kerala floods, record high fuel prices and an increase in insurance cost impacted the demand from the second quarter onwards. In spite of a strong 24.3 per cent volume growth in the first ...
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