Auto industry performance remains slow


Staff Reporter


The performance of auto industry remained sluggish during the current financial year, except buses where it witnessed growth of 17 percent during July-March 2019-20.
According the Economic Survey 2019-20 launched here on Thursday, during the period from July-March 2019-20, the farm tractor sector massively declined by 28.7 percent as the production recorded at 37,457 units against 52,551 units produced, in the corresponding period of the last year. This decline was due to massive slow down in the agriculture growth, water shortages and other issues like increase in the prices of agricultural inputs and halting of development projects added woes of the farmers, thus badly impacted the bookings of farm tractors.

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