Indian automobile industry in midst of a protracted slowdown – Gulf Today

Indian automobile industry in midst of a protracted slowdown – Gulf Today

The Indian automobile industry has been in the midst of a protracted slowdown as consumers at large, faced with rising unemployment and an unsure future, have stopped spending.. Meanwhile the Indian automobile industry going through an unprecedented slowdown and carmakers set to roll out BS-VI vehicle models, Tata Motors MD and CEO Guenter Karl Butschek is of the view that the first half of the financial year 2020-21 would be more of a "transitional phase", with subdued demand and the sales would actually gather pace in the second half of the fiscal.. In January, overall sales of the company, including exports declined to 47,862 vehicles against 58,185 units sold in the same month of 2019.. On the upcoming and concept models of the company, Guenter said that the EV version of Altros is likely to be launched in the second half of the upcoming financial year.. About the concept model of legendary Tata Sierra showcased at the 15th edition of the Auto Expo he said that although the company has not decided on the commercial rollout of the car, the positive response received at the expo has made the group CEO to rethink over it..