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What is Auto Sector Sales Decline Analysis about?

The automobile sector in India is experiencing its worst slowdown in over 20 years. Several factors are contributing to the decline, according to a report by SBI. The liquidity crisis in the NBFC sector has significantly impacted auto sales, as NBFCs finance many auto purchases. There has also been a large decrease in demand, especially in rural areas. Additionally, increased vehicle prices and safety/emission compliance costs have raised acquisition costs for consumers. The implementation of new axle load

Author

Aryan

Language

EN