265: Are Ola & Uber Cabs to be Blamed for Auto Sector Slowdown? - a podcast by The Quint

from 2019-09-10T15:00:15

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Prime Minister Narendra Modi addressed a crowd on 9 September, in Haryana’s industrial town Manesar, and said that the 100 days of governance under Modi 2.0 has been about "development, trust and big changes".

On the same day data published by the Society of Indian Automobile Manufacturers (SIAM) showed that the sales of this sector in the month of August went down by 23 percent — that’s an all time low since 1997-98. This slowdown in the auto sector has also affected the GDP which dipped to 5 percent.

In this episode of The Big Story we try to breakdown why the automobile industry has taken such a hit. Has consumer choices changed? Is the international slowdown in the auto sector responsible? Can a GST rate cut arrest the slowdown? Tune in to The Big Story for more!

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