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.

SALES TREND
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  

View all 10 comments Below 10 comments
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.

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  
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  
Post a Comment

Related Posts

    • Looking for Factories for Export to USA

      Looking for factories of Leather goods, belts, PU Shoes for exports to USA, the buyer is coming next week to Delhi, Kanpur and Agra

      By Kush Agarwal
      /
    • Tax Filing dates for companies

      Can the current deadline of tax filing date of sept 30th be extended to Nov 30th. Companies as well as proprietorship business are under lots of stress most behind on cash flow and reven...

      By Sudesh Rai
      /
    • Death of digital media

      Guys I am being told the following news television and paper sites have either fully or partially shut down. - Scroll - DailyO - Tiranga TV - The Wire - BTVI - F...

      By Vishal Khanna
      /
    • ARE WE HEADING TOWARDS RECESSION?

      I would like to discuss the issue like this. No doubt the situation is not all that good. there are a host of reasons for this. First and foremost is the attitude of Auto makers who while riding th...

      By SUBRAMANIAN PALLAVOOR
      /
    • Auto Sales Doldrums

      August auto sales drop in per cent : - Maruti Suzuki 33% - Hyundai 9.54% - Honda 51% - Tata Motors 58% - Toyota 21% - Eicher-Volvo 41.7% - Mahindra & Ma...

      By Rohit Jain
      /
    • 2% Tax on over 1 crore cash withdrawal

      Does anyone know if this tax applies on business accounts also or just individual accounts. Business needs may be different than individuals esp transport businesses etc

      By Sudesh Rai
      /
    • All startup CEOs should print and frame this in office

      If the nation’s policemen and women are working 16 hours a day in heat and dust, startup management and employees can work atleast 10-12 hours a day in an air conditioned work environment. <...

      By Sudesh Rai
      /
    • Gst deadline extended

      Govt has extended deadline to file Annual Return FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement FORM GSTR-9C for FY 2017-18 from 31st Aug to 30th Nov

      By Naina Mittal
      /
    • How some large companies are cheating Govt and MSMEs

      Several large reputed and publicly traded companies have started adopting a new technique. Govt made a new rule that companies must pay MSMEs in 45 days and have to disclose any such pending msme p...

      By Amit Mishra
      /
    • Startup entrepreneurs Keep Pushing

      You will know who your real friends are onlt in difficult times. But remember if you keep pushing, help is coming your way. This video illustrates it very well.

      By Shikha Chhabra
      /
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)