Get App
Last Updated : Jun 12, 2019 05:00 PM IST | Source:

Editor's Take | Auto sales see biggest dip in 18 years

The government would have to do something about the pessimistic view of the broader economy so as to not let the fall reach other products like consumer durable

Moneycontrol News @moneycontrolcom

Auto sector sees it biggest fall in 18 years showing that demand for automobiles is low. People's expectation of rising income or interest rates to finance their purchase of a vehicle seems unlikely.

This has already lead to companies like Maruti and Mahindra close some of their production and operations.

Sakshi Batra chats with Moneycontrol Deputy Executive Editor Gaurav Choudhary to find out what the numbers mean for the Indian economy.

Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.
First Published on Jun 12, 2019 04:56 pm
Follow us on
Available On
PCI DSS Compliant