One of the biggest challenges these days for India's prime minister Narendra Modi is to stabilize the ongoing turmoil in the auto industry. So today we're going to tell you about some of the things that are becoming the biggest challenge for the Narendra Modi government. These range from vehicular sales to job-serving. Let's know the full details
According to the Society of Indian Automobile Manufacturers (SIAM), sales of passenger vehicles fell by 35 percent in July 2019, a major challenge for the government. In fact, the auto industry has seen a steady decline since the beginning of this year, where sales of big automakers have registered a steep decline. , where the sales figure has fallen 35 percent. Commercial vehicle sales have fallen by 25 percent.
In his statement, General Vishnu Mathur, Director General, Society of Indian Automobile Manufacturers (SIAM), told reporters recently that the auto sector is going through the worst phase in 19 years. According to Vishnu, such a crisis was observed in December 2000. According to SIAM data, the sword hangs over millions of jobs. According to reports, many companies have also retrenched their employees. According to SIAM data, the impact of the ongoing decline in the auto sector is being felt on the delivery of dealerships, where 300 deliveries have been closed.
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