The company is hoping that there is no change in the tax structure in the upcoming Budget to let the segment come back to normal growth trajectory and it believes that any increase would "hit the segment very negatively".
Car sales in September increased over the same month a year earlier for the first time this year, by 3.3 per cent. A key driver of the rebound was China, Volkswagen Group's single largest market, where sales rose 3 per cent over the entire July-September quarter.
