Automobile Sector Awaits Reforms

  • As per reports of the Ministry of Heavy Industries, the automobile sector over the last four years has been plagued by a single-digit growth signifying a slowdown in sales.
  • Low domestic growth and failure of the government to translate into action the various announcements made by it have dealt a severe blow to the automobile industry.
  • The industry hopes the budget would give thrust on infrastructure spending that would benefit the auto-sector at large.