Why auto sector turnaround is still some time away?

摘要

Passenger vehicle sales increased for thethird month in a row in July, but it doesn’tnecessarily mean the sector is set for asustainable rebound. The automobile industrylobby group, Society of Indian AutomobileManufacturers (Siam), said on Friday that theindustry may end this year with “high singledigitgrowth”. Some factors suggest that asustained recovery will prove to be a challenge.