The miseries of India’s automobile sector are not coming to an end anytime soon. Recently released data for September month shows a 24% decline in passenger vehicle sales.
Commercial vehicle segment also carried on its low form and saw a dip of 62.11% in September. The slowness in sales continued for the 11th straight month with the auto sector facing its worst growth rate in decades.
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Low demands have hit the world’s 4th largest automobile market causing job loss in huge numbers.
Read more at India Today