India Auto Inc reels under continuing sales slowdown, July numbers jolt industry

Coming on the back of nine straight months of declining sales, it is no surprise that July 2019 sales numbers across vehicle segments – passenger vehicles, two-wheelers and commercial vehicles – are not worth shouting about. Instead, they point to the urgent need for India Auto Inc to receive a growth stimulus – ideally a GST rate cut from the existing 28 percent to 18 percent – to revive sales. Else, the Indian automobile industry which, not too long ago, was chugging along to No. 4 global rank will fall behind in the global scheme of things.

Passenger ...