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.
Low demands have hit the world’s 4th largest automobile market causing job loss in huge numbers.
Read more at India Today