There is an atmosphere of lethargy in the country’s auto industry. A statement by Finance Minister Nirmala Sitharaman is in the limelight these days. In fact, Nirmala Sitharaman, during a conversation with the media on Tuesday, blamed taxi aggregators like Ola and Uber for the laxity of the auto industry.
Now the first response from the country’s largest auto maker company Maruti Suzuki has come to this statement of the Finance Minister. Shashank Srivastava, executive director of marketing and sales at Maruti Suzuki, said that Ola and Uber are not solid reasons for the slowdown in the auto industry. Along with this, Shashank Srivastava has advised the study about the reasons for the recession.
Shashank Srivastava said in an interview to news agency PTI that there is still no change in the perception about buying a car in India. People buy cars to fulfill their needs and hobbies. He further said, “There is no big reason behind the current recession like services like Ola and Uber. I think we should find out the reasons for the recession before arriving at such conclusions. Studies are needed for this.
Prior Auto Industry was in a Better Condition
Shashank Srivastava further said that despite the presence of Ola-Uber in the last 6 years, the auto industry has performed well. He said, “Services like Ola and Uber have come up in the last 6-7 years. In the same period we have also experienced excellent experiences. What happened in the last few months only, that the recession started getting serious. I don’t think we are standing here because of Ola and Uber. ”
Citing the example of the US market, Srivastava said that Uber is the biggest taxi aggregator here, despite this there has been a tremendous increase in car sales in the last few years.
Srivastava said, “People can use public transport like Ola and Uber to go to office on weekdays, but still prefer their car for weekends with family. Still this pattern has not changed. ”He said that for situations like slowdown in auto industry, lack of liquidity, tax and insurance rates are responsible.
Government Measures were not Enough
According to Shashank Srivastava, the announcements made by the government to deal with the recession are not enough. However, it can be helpful in the launch term. Shashank Srivastava hopes that the auto industry will get a boost in the festive season. Let us know that in the month of August, Maruti Suzuki sales have fallen by 34 percent. In this month, the company sold 97,061 units as against 1,47,700 units sold in the same period a year ago.