The automobile sales in India witnessed a massive plunge in August 2019 with despatches in all segments, including passenger vehicles and two-wheelers, as reported by Society of Indian Automobile Manufacturers (SIAM). SIAM also went on to say that this is the worst-hit fall in the sales of overall vehicles in the country since 1997-98.
Meanwhile, Finance Minister Nirmala Sitharaman said that factors like the upcoming BS6 emission norms and preference of millennials for Ola and Uber over buying cars have affected the Indian automobile industry.
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