Auto sales

July auto slump worst in 20 years

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Industry observers say auto sales will need to bump up substantially to avoid output falling to levels seen five years ago. But many aren’t very hopeful about next two quarters at least. “The slowdown seems deepening…low consumer sentiments with dim demand outlook over the next two quarters remain a cause of concern for the industry,” said Saket Mehra, Partner, Grant Thornton India.

This article appeared in Economic Times on 14th Aug, 2019.