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From Tata to JSW, steelmakers jittery over record drop in car sales

See low demand situation at the end of the cycle

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4 min read Last Updated : Aug 05 2019 | 2:06 PM IST

Amid the ongoing electric vehicle (EV) frenzy, when India’s auto sales for the June quarter have hit the worst in almost two decades, domestic flat steel producers have turned jittery over how demand would pan out.

“I am seeing a bigger disruption via platform economy and what it means to the auto industry in this country,” T V Narendran, chief executive officer and managing director of Tata Steel, told Business Standard.

“As more and more Ubers, Olas and such options come up, the younger generation is not going to find the need to own a vehicle. That, to me is,

Topics : Electric Vehicle Tata Steel JSW steel

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