Auto sales drops down as youth prefer Ola and Uber: Finance Minister
By The Times Of India 12-Sep-2019
She said that youth's preference for cab hailing services like Ola and Uber over paying EMIs for new cars has affected the sales performance of the auto sector.
The Finance Minister also assured that the government is aware of the need to respond to the troubles in the auto sector.
She also assured that a decision on GST rate cut for vehicles will be taken soon.
The automobile sector saw its worst sales performance in August as it declined 23.5 per cent, the worst in the past two decades.
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