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Sluggish growth in auto sector - Govt is 'aware', says Minister

 

By TIOL News Service

NEW DELHI, JULY 16, 2019: 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.

During the period from January 2018-June 2018, 13.39 million vehicles (all categories) were sold and during the period from January 2019-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.

The Government, as a policy maker, 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.

This information was given by the Minister of Heavy Industries & Public Enterprises, Arvind Ganpat Sawant, in a written reply in the Lok Sabha today.


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