New Delhi, July 16, 2019 : The Government is aware that the auto sector which has been growing at approximately 7-8% per annum has witnessed a sluggish rate of sales in the last two quarters.
During the period from January2018-June 2018, 13.39 millionvehicles (all categories) were sold and during the period from January 2019-June 2019, 12.04 millionvehicles were sold. A net decline of 10.08% was registered in the rate of automobile sale in the last two quarters.
The Government, as a policymaker, always attempts to kick start the sluggish economy through a package of measures for comprehensive and continued development of the auto sector as and when required.
This information was given by the Minister of Heavy Industries & Public Enterprises, Arvind Ganpat Sawant, in a written reply in the Lok Sabha today.
