The apparent decline of the auto sector, with new car sales just not taking off, is now seen as a deep crisis by many people, as the auto industry is the bellwether of some equity investors’ mood. This is indeed the way it used to be. It used to be hard to imagine a modern economy doing well and auto sales not growing. For about 100 years now, this has been more or less true for most of the world. In India, this has been true since the late 80s, with the rise of Maruti.
Nine big financial changes that you must watch out for in October
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