Centre sensitive to slowdown in auto sector: Maruti Suzukitext_fields
New Delhi: The government is sensitive towards the slowdown in the auto industry, a senior Maruti Suzuki official said on Thursday.
According to Maruti Suzuki Chief Executive Kenichi Ayukawa, the government is sensitive to the implications of the auto sector slowdown and is taking steps to reverse it.
Ayukawa was addressing the annual convention of Society of Indian Automobile Manufacturers (SIAM) being held here.
At present, the sector suffers from a sales downturn due to several factors like high GST rates, farm distress, stagnant wages and liquidity constraints.
The sales slowdown has hit hard the passenger vehicle manufacturers.
On Sunday, the company reported a 32.7 per cent decline in its total vehicle sales in August 2019 on a year-on-year (YoY) basis.