Auto sector may start seeing growth between Jan and Apr 2020: TVS Motor CMD

TVS Motor Company Chairman and Managing Director Venu Srinivasan also said that there has been a significant cost increase from BS-III to BS-VI

The automobile industry might come out from the slow down and probably start seeing growth between January and April next year, said Venu Srinivasan, chairman and managing director of TVS Motor Company. He also said that a series of policies and regulations, including BS-VI, has resulted in a 40 per cent cost increase in three years.

In the past 10 months, the automobile industry has seen a slow down due to various reasons, including poor sentiment, a liquidity crisis, price increases owing to the implementation of several safety and emission norms, and a hike in insurance premium, etc.

"I think