Explained: Old reasons and new red flags in continuing auto slowdown | Explained News, The Indian Express

Explained: Old reasons and new red flags in continuing auto slowdown | Explained News, The Indian Express

Written by Yashee |New Delhi |Updated: September 4, 2019 11:55:31 am

Explained: Old reasons and new red flags in continuing auto slowdown

In the commercial vehicles section, sales of Tata Motors, the largest commercial vehicle maker, fell by almost half as against August 2018. Mahindra & Mahindra (M&M), the second-largest manufacturer, posted a 28 per cent decline.

The slowdown in the auto industry is due to a number of factors, such as the liquidity crunch due to continued stress on NBFCs. (Express Photo by Kamleshwar Singh)

The slowdown in the auto sector has worsened, with leading car manufacturers posting up to a 50 per cent drop in sales for August 2019 as against the corresponding month last year. Sales are down across segments — passenger vehicles, commercial vehicles, and two-wheelers.