Web Exclusive
Domino effect of auto crisis: Livelihoods, India's GDP growth may take hit

The dismal April automobile sales figures released by the Society of Indian Automobile Manufacturers (SIAM) portends doom for the entire ecosystem of vehicle production in India and could well be a yoke around the neck of the new government in India. SIAM says the production of vehicles in India declined 10.69 per cent in the first month of 2019-20 to 2.4 million vehicles, year-on-year. There has been a decline across all segments – car sales have dipped 20 per cent, two-wheelers, which comprise the bulk of vehicle sales in India, fell 16 per cent and commercial vehicle sales were down s.....
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.