Auto Crisis

The industry which has been the prime factor for economic growth and GDP contribution has now hit worse in more than two and a half decades. There has been many reason' for the sales of commercial and private vehicle declining at huge pace. Lack of jobs, lack of liquidity, decrease in purchasing power of common man has been most important reasons for economic slowdown in auto industries.

It's hard to imagine that economy like India which depends more than 40% on auto sales for annual growth is performing below par or in negative.