Indian automobile industry facing medium-term challenges: Ayukawa
Ayukawa also thanked Prime Minister Narendra Modi for rolling out a fitness-based scrappage policy just a few days ago.
Ayukawa also thanked Prime Minister Narendra Modi for rolling out a fitness-based scrappage policy just a few days ago.
The auto sector presently suffers from a sales downturn due to several factors like high GST rates, farm distress, stagnant wages, and liquidity constraints. The sales slowdown has hit hard to the passenger vehicle manufacturers.
