Sales of cars and SUVs have been sliding for 10 straight months. The sector is seeing the worst slump in two decades
#BoycottMillennials is one of the top trends on Twitter in India after Finance Minister Nirmala Sitharaman attributed the lower demand for automobiles to the changing mindset of millennials.
“The automobile and components industry has been affected by BS-VI (norms) and the mindset of millennials, who now prefer to have Ola and Uber rather than committing to buying an automobile,” ANI quotes Sitharaman as saying.
Sales of cars and SUVs have been sliding for 10 straight months. The sector is seeing the worst slump in two decades. In August, domestic passenger vehicle sales fell 31.57 percent year-on-year, according to industry body Society of Indian Automobile Manufacturers (SIAM).
— Sachin Bishnoi (@Sachin_Bishnoi_) September 11, 2019
— sarvarta (@sarvarta) September 11, 2019
— Mohammad Hasir (محمد حاسر) (@MohammadHasir1) September 11, 2019
Other hashtags that trended were "SayItLikeNirmala and #SayItLikeNirmalaTai.
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