Economic expert Dhirendra Kumar tells why Indian automobile industry is facing loss| Master Stroke

The automobile industry has seen a significant decline in sales this year due to several factors.One of the main factors is an increase in the cost of acquisition of the car due to various reasons coming together like the implementation of more stringent safety and emission (BS 6) norms, increase in vehicle insurance expenses and hike in road taxes in many states.
Along with this, the lower availability of finance and increased down payment requirement have affected the affordability of customers to own cars.