Source: Zee News, The Times Of India
Don't they say if auto sector performs poor in a country then the stock market slows down or starts to go down. If I am not reading into it to much then we can see the same trend after 2016 when auto sector started performing poorly and Indian stock market started to slow down. We can say that it was due to demonetisation and sudden GST but before that only Indian stock market started perform poorly and demonetisation, GST acted as boster.
Demand has genuinely gone down. According to him, chip shortage was an inside job to inflate prices by limiting supply and creating hype. Now, the demand is busting and they have overproduced.
The resale value of those cars will now fall faster. I feel sad for all those people who boug...
