 "Pankaj Jagwani, director, Blaupunkt India")
Demonetisation brought in a temporary interruption in the auto industry. The automobile and auto peripheral sales took a hit during this time with a decrease in disposable income by the consumers. The sector is awaiting the budget policies to combat this loss of sales during the last quarter by uplifting consumer sentiment with positive announcements.
According to sector reports, the December 2016 sales saw a drop by 18.66 percent. However with the economy slowly moving towards digital transactions, there has been a steady upturn in the sales in the auto sector.
The budget should focus on announcing stringent policies and practices to
