Automobile Industry Crises in India

Automobile sector

Introduction about Automobile Industry The Automobile industry is one of the largest sectors in India, employing over 3.7 crore people both directly and indirectly. However, in the year 2019 the Automobile industry has faced certain turbulence, with a deficit in sales and the alleged reasons are plenty. In the year 2019, a downfall of 18.71% in sales has spurred a moment of crises within the Automobile industry, since it is the steepest slump experienced in the past 19 years. According to a leading newspaper ‘The Hindu’, the year 2018 marked…