Monday, 31 May 2021

lamboblogging

The slowdown in one of the economy's biggest sectors is workers assemble a car at an FCA India Automobiles manufacturing facility. Many industries like steel, cement, electrical equipment, and furniture industry are suffering as a result of the ailing real estate sector.

Automobile Industry India slowdown, is it Coronavirus effect?

https://preview.redd.it/voh88wymcl271.jpg?width=1000&format=pjpg&auto=webp&s=ec560db515b355638a2b213e8fce997ccf6f537d

https://preview.redd.it/51lswvymcl271.jpg?width=778&format=pjpg&auto=webp&s=59357739049ad894bcecb9c9a0133ae2dc4be5d3

As per the study conducted by The Society of Indian Automobile Manufacturers (SIAM) the pandemic is one prime reason that has played a vital role leading to this slowdown but is not the only reason. The compound annual growth rate (CAGR) of the domestic passenger vehicle industry was 12.9% between 1989-1990 & 1999-2000. It dropped to 10.3% between 1999-2000 and 2009-2010, in the last decade it further dropped to 3.6%. 

Read more -

#automobile #car #cars #auto #automotive #carsofinstagram #instacar #carlifestyle #carporn #bmw #voiture #instacars #supercars #mercedes #automobiles #slowdown #industry



Submitted June 01, 2021 at 11:06AM by bapac20 https://ift.tt/3fDGcjX

No comments:

Post a Comment