Passenger vehicle sales would revive faster as the price hike for BS-VI petrol version for this segment will be the least.
 Investors are expecting GST cut after the recent SIAM conclave and FADA meeting with the government ministry, wherein both these occasions ministry has assured that they were considering and reviewing the request of automobile industry to cut GST for a temporary period. Though the GST Fitment Committee is indicating that it would be a huge loss, and they are reluctant to do it, but investors right now are positive based on these news flows.
Things are still weak and in the case of the SIAM conference also, people are expecting strong support from the government in terms of various policies. Last year, few policies were quite negative, the axle load norm was increased, there was higher premium on insurance and there was a BS-VI transition. These are the negative factors impacting the industry.