auto sales

The data comes as the domestic automobile industry faces a crippling slowdown in demand.
Finance Minister Nirmala Sitharaman had said a change in mindset of millennials was among one of the many factors responsible for the slowdown in the automobile sector.
Commenting on the crash in auto sales, the finance minister said that millennials prefer using Ola and Uber to buying a vehicle.
Passenger vehicle sales plunged 31.57% year-on-year to 196,524 units in August, falling for the 10th straight month, data showed.
The fall in auto sales and the reports of massive job losses point to a dismal picture of the Indian economy.