Paucity in demand resulting in rising inventory level has forced OEMs to arrange for plant shutdowns and production cuts in May and June The Indian automobile market is going through a rough patch of demand distress. Almost all the auto manufacturers witnessed a drop in sales owing to weak consumer sentiments across all segments in June 2019. Low consumer sentiments are a result of hike in vehicle prices amid strict safety regulations and persisting impact of recently launched axle norms, restricted currency circulation and poor performance of core sectors such…
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