Toyota and Hyundai latest to halt output and shed workers in India as car sales slump worsens

[Singh bling]

https://www.japantimes.co.jp/news/2019/08/23/business/economy-business/toyota-hyundai-latest-halt-output-shed-workers-india-car-sales-slump-worsens/#.XWWoe-5N00M

 

 

[gattaca]

Tells you too many cars on the road and typical lifecycle of a car in India is longer.

[MechEng]

Is this anyway related to the recession threat?

[rkt.india]

Market is saturated. 

[rkt.india]

There was a time Royal Enfield classic 350 was selling like hot cakes, but now sales have slowed down. Now they have more competition from other manufacturers in 300 plus cc segment. Jawa has also dent their sale.