Finance Minister Nirmala Sitharaman recently blamed taxi aggregators like Ola and Uber for the slowdown in the auto sector. Sitharaman had said that in India, people buy cars and take recourse to Ola, Uber instead of filling EMI. In such a situation, now the Chairman of Maruti Suzuki RC Bhargava has supported the statement of the Finance Minister. According to the news published in a newspaper, RC Bhargava says that the finance minister's point is 100% correct because instead of buying cars in the country, youths save money for gadgets of their choice by using cab services like Ola, Uber.
According to information received from a media house, Bhargava said, "Youngsters like to go out to restaurants with their friends and want to buy new smartphones. In such a situation, it was necessary for them to save money for these works instead of buying a new car." And the monthly salary of the youth is not so much that they can fulfill all their hobbies by staying away from home. So they have a good and cheap option of cab. Received are a good time to spend more preferred sight-seeing instead of buying young new car itself. "
For your information, the Executive Director (Marketing and Sales) of Maruti Suzuki, Shashank Srivastava said on the statement of the Finance Minister that Ola and Uber have been around for the last 6-7 years and during that time the auto industry saw a very good time. Was In such a situation, these taxi aggregator companies cannot be held responsible for the slowdown in the auto industry. The market share of Maruti Suzuki, the country's largest carmaker, has seen a decline of 2 percent during the April-August period. In this financial year, sales of passenger vehicles have seen a decline of almost a quarter compared to a year ago. There has been a steady decline in sales for 10 straight months and a decline has been seen in 13 months from the last 14 months.
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