This is not just moving from cars to app taxis

Some people are saying no one wants to buy a car because people are taking ola/uber these days. This seems to be deeper.

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.

August: 8296
July: 10101
june: 12085
may: 12778
april: 13141
mar: 20521
feb: 17352

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  

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No need to close our eyes to the reality of an economy showing visible signs of slowing down. This is not unnatural, following the exclusion of the parallel cash economy which, for the past seventy over years, was inflating results and statistics.

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  
Due respect to all, the question is just slow down.. why we have to always get into made in India, and always divert the topic.
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  
Vishal you have spurred our thoughts . But what I feel is this is just seasonal and not permanent . We must watch the trend post festival season and gauge the situation.


Lets see where we stand then . more  
For your information, FLIPKART, AMAZON, PAYTM etc. are all foreign companies. These are companies registered in India but owned by foreign multinationals. Profit is taken out of our country resulting in Higher Rs./USD exchange rate. I have started using RUPAY Card instead of VISA / MASTER Card. can you? Mr. Modi has made RUPAY acceptable in UAE. do you know that? RUPAY is also going global. Soon, you may find it acceptable in many countries if we Indians start using it frequently. And ask all shop / super stores if they accept RUPAY Card. more  
This slow down is not Govt. Created. It is created by US, we ourselves are to be blamed. We all want to purchase chinese low cost products, and then cry when our own local industries start shutting down and blame govt.. We do not want to pay little extra for MADE IN INDIA products. We have no national pride. We just shout slogans of nationalism but when it comes to putting in practice, we do not buy little or may be even very costly Indian Product but prefer Chinese products. And then, we blame our govt. for our own industries shutting down. Actually, it is US, we are to be blamed. Still, it is not late. Start buying only MADE IN INDIA products, and products from INDIAN Company only. and soon, you will realize our fortunes are changing.

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  
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