This
year from January to November, car sales in India fell by 10.32% to 16,74,450
units as against 18,67,176 units in the same period last year.
Besides cars, the commercial
vehicles segment was also a bad hit with economic activities such as mining and
infrastructure projects came to a near halt.
It led to SIAM to seek stimulus package for the sector from the government but in vain.
It led to SIAM to seek stimulus package for the sector from the government but in vain.
This year turned out to be a tough
year, but the auto industry, however, has not given up hopes. It is desperately
looking to come out of the slowdown and the Auto Expo, scheduled to be held in
February next year, will be the perfect platform to make a comeback.
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