Slight RECESSION
IN AUTOMOBILE SECTOR IN INDIA
Car market in India is going
through reception
nobody is there to
purchase car
In car showrooms will see only
cars and not the
Automobile association sales
there was 24% degrees in the car sales from 2019 June to 2018 June
In in two wheeler market 10%
decrease have been observed
Commercial vehicle sales has
decreased by 12. 25%
There is a decrease in the
sales of car in automobile since last 20 months
Maruti Suzuki has decreased ka
car production by significant level significant number
It was expected there must be
any e package our any subsidy given to the car market or any support was
required
automobile industry in India is
facing lot of changes these days
After notebandi automobile
sector size of a lot
Sales of automobile why
decreased has so many factors influenced is sales
Raw material price has
increased
New bs6 norms has arrived
New safety features
Changes in the insurance policy
Instability in global market
Because of bs6 norms the amount
required for the manufacturing of car has increased
Because of that prices of car
has been increased
Decrease in Castle season also
associated with the less employment and rising prices of the cars
Monsoon is also not good for 30
to 40% of India's territory geographic territory
That will also hamper the cells
of the cars in rural area
in next coming few months
there will remain as it is it will be e lessons observe compared to last yrs
Auto sector contributes more
than 7% of India's GDP
Recession in auto sector is
huge problem for India
automobile sectors growth used
to be in double digit now it has reduced to half of the double digit
If the decision in automobile
sector continues there will be e thousands of employees would be
unemployed
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