What is the Reason Behind Auto Industry Slowdown Cause In India ?

1
Auto Industry Slowdown Cause In India
2
Automobile Dealers Association (FADA

• The Federation of Automobile Dealers Association
  (FADA) said it was "cautiously optimistic" about
  the slowdown in retail sales of automobiles
• FADA President Ashish Harsharaj Kale told
  carandbike in an interaction that piling
  inventory at dealerships has been a cause for
  concern, more so for two-wheeler dealers, who are
  facing a severe crunch in customer footfalls for
  over a year now.

3
On The Other Hand Maruti Suzuki rubbishes FM
Nirmala Sitharaman claim of Ola, Uber being a
factor in auto crisis
Maruti Suzuki Indias Executive Director
(Marketing and Sales) Shashank Srivastava told
news agency PTI that the ownership pattern in
India still has not changed and people purchase
cars with an aspirational aspect. The Ola and
Uber factor may not be strong to contribute to
the current state of slowdown, Srivastava
said Read here more www.truescoopnews.com/newsdet
ail/marut-suzuki-rubbishes-fm-nirmala-sitharaman-c
laim
4
Auto Crisis Also Slowdown Lakhs Of Jobs

• The slowdown in auto sector has rende red an
  estimated three lakh and a fifty thousand people
  jobless due to spiraling lay offs in the
  automobile industry. 

5
A Ray Of Hope

• Many in the industry hope the upcoming Diwali
  season could shift car sales to top gear for a
  turn around if the government swiftly intervenes.

6
Visit Here For More Updates

• True Scoop News
• Contact Us
•  91 70870-19001
•  info_at_truescoopnews.com
• Website www.truescoopnews.com