Question

two reasons for drastic change in automobile industry​

Answer 1

Answer:

1. Raw Material Price

Automotive industry enjoyed falling commodity prices for most part of the year which helped the industry pass on the benefits to the customers. The fall in steel prices particularly was favourable to the industry.

2. Interest Rates

With inflation under control, RBI has had enough headroom to play around with the rates and it has done so at all possible occasions. From 7.5 percent repo rate in April 2015, today it has come down to 6.5 percent.

3. Additional Cess Surprise

The hopes of auto industry for a positive budget 2016 were somewhat quashed because of the various additional cess which were introduced on the auto industry.

4. Policy Bump

Indian auto industry suffered major setbacks when it came to policy perspective. The biggest blow came during December 2015 when Supreme Court banned registration of diesel vehicles above 2000cc, in Delhi/NCR, till March 2016. It was recently extended beyond March.

Explanation:

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