I agree with Mr Rajiv Bajaj here CNBCTV18 -Rajiv Bajaj
Its not Slowdown its a business cycle which also happens in cement / steel / sugar / infra sector.
I don't think government will create any new changes in adding additional taxes to make this cycle go into worst state but government should support to bring further bracketing in GST for automobile to determine whats luxury and whats necessity since the public transportation is not world class in every corner of country to consider all private automobiles as flat luxury.
having further break-down into GST for automobiles will help both consumers as well as manufacturers.
Companies should stop crying and review their business model to deal with such cycle.
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