Indicating poor performance, the Minister of Heavy Industries & Public Enterprises, Arvind Ganpat Sawant has said that the government is aware that the auto sector, which has been growing at approximately 7-8% per annum, has witnessed a sluggish rate of sales in the last two quarters.
Sawant further highlighted efforts being taken to revive the sector, noting that the government, as a policymaker, always attempts to kick start the sluggish economy through a package of measures for comprehensive and continued development of the auto sector as and when required.
As per Ministry of Heavy Industries & Public Enterprises, during the period of January-June 2018, 13.39 million vehicles (all categories) were sold and during the period of January-June 2019, 12.04 million vehicles were sold. A net decline of 10.08% was registered in the rate of automobile sale in the last two quarters.