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April to July Auto Sales Are Down in the Dumps
Aug 16, 2019


The bad news for the Indian auto industry refuses to go away. The July volume numbers are out, and it is obvious that sales are sputtering.

The sector has been battling many negative forces - slowing economic activity, rising car prices (led by stricter emission norms and insurance costs), shortage of financing options because of the NBFC crisis, and weak rural sentiment. All these factors have dampened demand.

It seems unlikely that the upcoming festival season will work wonders in terms of bolstering growth...unless the government steps in to help the industry.

Data Source: SIAM

This Chart Of The Day was published in The 5 Minute WrapUp - Super Investor Rajeev Thakkar is Busy Buying Stocks...and So Are We

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