
Finance minister holds review meeting with bankers
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
According to the latest figures released by SIAM on Monday, sales of passenger cars—the largest segment by volumes—dropped 6.87% from a year ago.
Uncertainty ahead of elections coupled with a weak market sentiment, and unfavourable factors like high interest rates and insurance costs have affected sales.
Except for push for electric vehicles, there was no cut in GST or tax benefit for alternative fuel vehicles.
While domestic passenger car sales rose slightly, exports were down 13.40% in October.
The largest carmaker in the country is helping the current and future workforce keep up with the changing dynamics of the automobile industry in India.