Stating that this GPD year has brought the slowest growth, Kavan Muktyar, in his keynote address pointed at the challenges faced by the CV industry. As part of the Apollo CV Awards 2020 ceremony, the Keynote address saw Karan stress on a weak consumer sentiment. He touched upon factors like demonetisation and structural changes, and stated that fixed capital formation has stagnated. Mentioning that the fall in domestic as well as international investments in the country is a matter of worry, Mukhtyar opined that the government is investing by driving key projects like the development of road infrastructure. He drew attention towards industrial production by stating that it is stagnant. Touching upon the sharp decline in motor vehicle sales, Kavan said that the CV industry has had a big impact on the slowdown due to its proximity to the economy.
This story is from the March 2020 edition of Commercial Vehicle.
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This story is from the March 2020 edition of Commercial Vehicle.
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