Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.
The company produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, MSI said.
The commercial vehicle major on Friday said it will suspend manufacturing at its various plants for up to 15 days this month in order to adjust production to market demand.
The company had sold a total of 19,374 units in the same month last year, Ashok Leyland said in a regulatory filing.
Domestic sales in September this year stood at 2,15,501 units as against 3,11,503 units, down 31 per cent, Bajaj Auto said in a regulatory filing.