 "Automobile industry in India going through structural slowdown: SIAM")
Automobile industry in India is going through a long-term structural slowdown as the compound annual growth rate (CAGR) across all major vehicle segments has witnessed a decline over the past three decades, according to Siam.
The auto industry has been facing headwinds even before the pandemic derailed the entire sector last year, a research conducted by Siam has revealed.
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