Faiz Askari

Handling Difficult Times of Auto Sector

India’s auto sector has been going through tough times for the last one year. The sales are dipping, inventory piling up, and then there are job losses. The industry bounced back from the shocks of demonetization and GST in 2017-18 with 14.2 percent (year-on-year) growth, but in 2018-19 the growth slowed down to a single digit. As the year is closing, the volumes have dropped, and many companies were forced to cut production, explains Manav Kapur, Executive Director, Steelbird International