This is not just moving from cars to app taxis
Ashok leyland sales halved in august 2019
sales fell for 5th consective month
total sales down 50% yoy at 8296 units
MHCV trucks down 70% yoy at 3336 vs 11135 units.
The slowdown is demand led, the recovery will also have to be demand led.
Boosting consumer demand is what the Govt will have to think of. How?? more
Today, Ms Economy is finding ground of reality under its feet once again. The Mutual Funds are down, the Stocks business is down. The Sensex level is slowly sliding southwards. The realtor business stands still. Production gets no boost, nor do the exports.
The Business now will have to re-think their planning in order to compete on the international platform in future. The weak Rupee is a big help there, but the Indian product quality and efficiency of packing and punctuality of deliveries leaves a lot to be improved.
That, I think, says a lot to start with..... more
Let's understand the passenger vehicles market..
Most new cars on premium segment is bought by a customer who already owns a car, he either upgrades or just moves to a new one.
Most old generation cars had life of 100000km, but the newer ones run between 150000 to 300000km.
It means a average car owner is not compelled to upgrade for least 5 years (20000km per year).
Coming to New launches.. unless govt norms changes to bs6 or the new car has a big advantage very less people would buy..
Hence car sales would be down..
Let's not make every argument into buying Indian.. because it's our govt that allows FDI.
Lets be clear between "made in India" and "make in India"
Make in India is open call for foreign companies to start manufacturing from India.. like iPhone, MI phone etc..
Hope this answers your question.. more
THERE WILL BE LOTS O F.I.L.’S WAITING TO GIFT SWANKY CARS FOR THE FIRST DEEPAVALI OR EVEN FOR THE 3,5th AND MANY OTHER OCCASIONS TO FOLLOW IN THE FAMILY NOW ON .
Lets see where we stand then . more
Govt. has limited leeway in international arena and it has limited means to stop imports from China unless we all, common people support our govt.
In short, just buy MADE IN INDIA Products from INDIAN OWNED Companies only. and see everything getting better in one year itself. Are you in????? more