Sales slowdown: What industry leaders have to say
Pawan Goenka, MD, M&M
September 03, 2019, 16:23 ISTDepreciating rupee has very strong impact on sentiments. People often take money out of investments in share prices to buy a car and now that's not happening because prices are depressed. The rural spend has also not really picked up. This has an effect on buying. So, in all I would say financing, transaction cost and overall sentiment of consumers is cumulatively making it hard.
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