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An Investigation on Turbulent Times of Passenger Vehicle Segment in India

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An Investigation on Turbulent Times of Passenger Vehicle Segment in India


Dr. R. Josphin | Dr. D. Kesavan | Dr. N. Mari Anand | T. Srimathi | Dr. V. Vetrivel



Dr. R. Josphin | Dr. D. Kesavan | Dr. N. Mari Anand | T. Srimathi | Dr. V. Vetrivel "An Investigation on Turbulent Times of Passenger Vehicle Segment in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-1, December 2021, pp.1632-1638, URL: https://www.ijtsrd.com/papers/ijtsrd49114.pdf

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 PV segment 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.

Fuel price surge, Semiconductor shortage, COVID 19, BS 4, BS 6, Inflation, liquidity crunch


IJTSRD49114
Volume-6 | Issue-1, December 2021
1632-1638
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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