domestic sales volume of passenger vehicles pv declined 22 per cent yoy in q4fy20 compared with a decline of 1 per cent in december quarter of the previous fiscal fitch ratings said quotings siam data sales volume of commercial vehicles and two wheeled vehicles fell by 48 per cent and 25 per cent respectively in the march quarter of 201920 sharper than 17 per cent and 15 percent declines in december quarter of the last fiscal it stated at the same time exports of pvs and two wheelers increased by 02 per cent and 73 per cent respectively during fy20 but they could not offset the overall decline in domestic sales fitch ratings saidindian auto industry needs immediate stimulus rajan wadhera siam pti published on jun 23 2020 at 0923 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app auto volumes recovery fitch ratings vehicle sales auto volumes fitch ratings outlook on auto industry bsvi vehicles homenewsindustryauto volumes likely to recover partially in h2 fy21 fitch