Government relief is unlikely to have a completely favorable impact on the auto industry

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New delhi date. August 30, 2019, Friday

Although the government has announced concessions to boost the economy, it will not have any significant impact on the auto sector. Looking at passenger vehicle sales this year, sales are expected to decline by four to seven percent, said rating agency ICRA.

In a report released by Ikra, the measures announced by the government will help the auto sector as much as any other sector. But it is less likely to reverse the recession in this area. The growth of the auto sector depends mainly on high agricultural production, industrial growth and improving the economy.

But all three regions are facing adverse environment. The auto industry has registered a de-growth of more than 5% in the current financial year. Demand for rural areas along with urban areas has also decreased.

On the other hand, new standards for pollution, new rules on pollution of vehicles, increased vehicle registration fees, uncertainty over interest rates and increase in insurance premiums have also adversely affected the auto sector. Government concessions will increase liquidity in the financial sector. This is true, but the points outlined above are auto ind. Increases pressure on. Given that, the odds of Auto Ind are unlikely to decrease.


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