Economic Times quotes MnM’s Associate Director for Automotive in their article on the growth of the Automotive Industry in India
The article discusses the slowdown of the automotive industry in India even though India’s economy is growing at more than 7%. According to the experts, several factors such as industry-specific challenges, policy resets, macro-economic factors, and poor consumer sentiments, among others, have dampened the auto sales. “India has mostly had a two-speed automotive market. If rural was hurting, urban markets compensated and vice-versa. This time, both rural and urban are hurting,” said Anil.
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