The domestic auto space continues to face demand-side challenges across segments at present (for 10MFY20 - PV down 15.4%, CV down 20.3%, 2-W down 15.9%). Increase in product prices on account of introduction of safety features/other regulations, higher taxes and reduced propensity to spend is affecting PV segment while the CV segment is suffering from several issues of cyclical (high installed base, slowing economic activity) and structural (system idle capacity) nature. The upcoming changeover to BS-VI regime is set to further complicate the demand and pricing scenario. We expect the...