Automobile industry in India going through structural slowdown: SIAM

Automobile industry in India is going through a long-term structural slowdown as the compound annual growth rate (CAGR) across all major vehicle segments has witnessed a decline over the past three decades, according to Siam.

The auto industry has been facing headwinds even before the pandemic derailed the entire sector last year, a research conducted by Siam has revealed. 




Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel