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After a tough year, auto industry hopes for smooth drive from H2 2020

The government incentives to buy vehicles and steps taken to address liquidity crunch, economic growth and infrastructure spending would boost the auto industry's prospects

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4 min read Last Updated : Dec 26 2019 | 3:02 PM IST

The year 2019 has been one of the toughest for the automobile industry, with a 13.8 per cent drop in domestic sales from January to November 2019. Despite challenges, 2019 saw new brands coming in, mergers and partnerships and new model launches as the industry is optimistic about 2020.

On a rough road

Society of Indian Automobile Manufacturers (SIAM) data shows from January to November 2019, total automobile sale was down by 13.8 per cent to 21,667,672 from 25,141,388 units, a year ago.

Commercial vehicle declined by 22.12 % between April-November 2019, followed by passenger vehicles (-17.98%), two-wheelers (-15.74%) and

Topics : automobile industry Maruti Suzuki Hyundai Motor India Siam

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