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Auto Slowdown likely to continue till January 2020: Venu Srinivasan
Business

Auto Slowdown likely to continue till January 2020: Venu Srinivasan

Agency News

Chennai: The chairman and managing director of TVS Motor Company, Venu Srinivasan said that the automobile industry might come out from the slowdown between January and April 2020.

A series of policies and regulations, including BS-VI, has resulted in a 40% cost increase in three years, he said while talking to Business Standard.

In the past ten months, the automobile industry has seen a slowdown due to various reasons, including poor sentiment, a liquidity crisis, price increases owing to the implementation of several safety and emission norms and a hike in insurance premium, etc.

“I think the slowdown will be there for a couple of quarters more. I expect everything will be digested by the time and hopefully, by next year, we should start seeing growth – between January and April,” he said.