Auto sales crash 12% in Q1, worst since 2008-09 global financial turmoil
NEW DELHI: The crisis in the auto sector has worsened. Hit by a slowing economy, credit crunch and rising unemployment across major cities, auto sales in April-June declined the most in last 41 quarters, since the global economic meltdown in second half of 2008-09.
Raj664 Raj-6 hours ago
When illiterates rule a country this is what happens !
Godfather Senior•Mumbai•2 hours ago •Follow
Everyone is waiting for the electric vehicles to come to market at a lower cost than the present.
Rahul Gupta•Chandigarh•2 hours ago •Follow
Is this sign of recession creeping again?
satheesh kumar•2 hours ago
auto sales down is extremely good news to our mother earth.
Sense•3 hours ago
it's good sign.. now the traffic will go down pollution will go down.. important thing here is there is no black money glowing easily after demonitization and gst...
Robie Shoby•3 hours ago •Follow
All the statistics dished out by this go nment are fudged.Auto Sales is the best indicator of the health of our economy.We have reached a 10 year low!
Iskander Strange•Grozny•3 hours ago
Keep voting Modi for another 50 years and enjoy such economic collapse and job losses! Don''t complain!
Neeraj baveja•New dehi•4 hours ago
There are already too many vehicles on the road and no room for footpathers. I think this will correct the vehicle industry. But its also sad that there is job losses because of this.
Sachin K•4 hours ago •Follow
people fear Oil Scarcity, its time for auto industry to invest time & money in developing electric vehicles. Fuel vehicles will be extinct any ways.
Santosh•4 hours ago •Follow
No problem. We are heading for 5 trillion economy.
J•Ahmedabad•4 hours ago
Its a positive Sign. Happy that Indians using private taxi or train or bus. When we import oil, it is better that sales go down. Atleast we can save few bucks.
Abhishiek Ghosh•Unknown•5 hours ago •Follow
wow . great news. This should continue and public transport should improve.