An Investigation on Turbulent Times of Passenger Vehicle Segment in India

Indian Automobile sector is fifth largest in the world. The number of
manufacturers, Associated MSME’s, foreign brands, Luxury brands
and several notable new comers flood the market every year.
Passenger is vehicle the main contributor for automobiles in India.
But why is this segment struggling to pose a sustainable growth?
Several analysts forecast that India would reach third in PV among
all nations provided with this set of infrastructure and other aspects in
the year 2030. There are several explanations for this. This research
paper examines the actual reasons for the slow growth of the PVsegment namely COVID 19 impact, Inflationary situation,
Semiconductor shortage and Fuel price surge. This paper also
portrays the actions taken by the manufacturers, dealers and
Government to safe guard this industry from economic failure as well
seeking in hope that PV segment can revive itself overtime with
strategic actions.