On auto sector slowdown:
The Auto sector slowdown may be due to phase shifting of demand in the kind of fuel that runs the vehicles. It is that time phase; when the auto sector must collect itself; introspect, redefine and emerge in a new 'avatar' incorporating the latest technology that propel them.
Consumers & customers purchase decision is determined by the value & the average lifetime of the product upon the guarantee that the product shall not be outdated technologically till such time. India's automobile manufacturing sector is presently in a technology transition phase that averts prospects from making their decisions.
For instance; what was the impact on Bicycles when motorcycles hit the market? What happened to bullock-carts & Horse-carts when auto-rickshaws hit the market? Slowdown of the existing demand is expected when the stuff that runs the product changes.
Our Prime Minister Shri.Narendra Modi has a target to curtail CO emissions by 2030. The present auto sector slow-down is an indication to the Indian Auto Sector to redefine their mechanisms that adhere to clean & green technology. Stop lamenting & adopt clean, green & modern technology.
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