Car sales in India to stabilise in 2020 on back of stimulus measures, discounts: Moody's February 26, 2020 at 01:53AM

Car sales in India are expected to be relatively flat this year after plunging 11.8 per cent in 2019 amid slowing economic growth, as per Moody's Investors Service. The rating agency also lowered its global sales forecast as the coronavirus outbreak reduces demand and disrupts automotive supply chains.