Economic slowdown

Signs of a crisis in the automobile industry

Print edition : September 13, 2019

At a Mahindra & Mahindra Ltd factory in Chakan, Maharashtra. A file photograph. Photo: Kuni Takahashi/Bloomberg

Finance Minister Nirmala Sitharaman at a press conference in New Delhi on August 23, where she announced a slew of measures to address concerns about the economy. Photo: Sandeep Saxena

At a TVS Motor Company facility in Hosur. Photo: S.R. Raghunathan

At a Daimler India Commercial Vehicles factory in Chennai. A file photograph. Photo: Bernd von Jutrczenka/Picture Alliance via Getty Images

The Narendra Modi government’s response to the Indian automobile industry’s worst slump in two decades reflects an inability to recognise the slowdown as a symptom of a much bigger crisis in the economy.
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