"Footfalls Down To Half Now": Mumbai Auto Dealers On Slowdown In Sector
PUBLISHED ON: May 9, 2019 | Duration: 2 min, 54 sec
Mumbai's auto dealers are facing the impact of India's automobile sector hitting a speed breaker. Passenger vehicle growth in the financial year ended March was the slowest since 2014, according to a top industry body. Auto stocks have lost a staggering $42 billion in the last 16 months. Experts are now linking this to demonetisation, GST and the jobs crisis, thus raising the possibility of an economic slowdown.