Auto Industry

Slowdown to hurt auto output

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Industry insiders opined that the slowdown is a culmination of high GST tax rates, farm distress, stagnant wages and liquidity constraints. "We can expect a further reduction in production in the form of stoppages due to continuing degrowth in sales of passenger vehicles," Grant Thornton India Partner Sridhar V. said.

This article appeared in Free Press Journal on 14th July, 2019.