It's amber light for motown as demand unlikely to revive in FY21, says report
India Ratings has revised downwards its outlook on the sector to negative for 2020-21 from stable. The agency pegs PV demand growing 2-4% in 2020-21 over 2019-20, but commercial vehicles will continue to see falling demand to the tune of 5-7 per cent and the two-wheeler segment will decline 0-5 per cent.