Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | The intriguing case of a massive slowdown in the auto sector -Gurbachan Singh    </title>
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-TheWire.in

Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY?

Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country&rsquo;s leading car manufacturer, has reported a 32.7% decline..."/>
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-TheWire.in

Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY?

Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country&rsquo;s leading car manufacturer, has reported a 32.7% decline..." />
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    <h1 class="cat-box-title">The intriguing case of a massive slowdown in the auto sector -Gurbachan Singh</h1>
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		 Published on</span><span class="text-date"> Oct 6, 2019</span>
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                            <div align="justify">-TheWire.in<br /><br /><em>Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY?<br /></em><br />Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country&rsquo;s leading car manufacturer, has reported a 32.7% decline in its total vehicle sales. There is a similar situation across the sector, including the two-wheeler industry. The sector has already lost over 300,000 jobs.<br /><br />What explains the massive slowdown in the auto sector in a short span of time? The usual explanations run in terms of factors like the general slowdown in the economy, the disruption caused by the Ola and Uber facilities, difficulties in getting a loan for purchasing a car or two-wheeler in the aftermath of the IL&amp;FS crisis (and more generally in the NBFC sector since then), the competition from electric vehicles in the coming years and the confusion around BS6 emission standards. <br /><br />There is indeed merit in such explanations. But they cannot explain the severity of the problem. Indeed, it is all very intriguing.<br /><br />Why then has so much happened so quickly?<br /><br />The answer possibly lies in something which has escaped our attention for sometime. It is the massive growth in the affordable housing segment under the Pradhan Mantri Awas Yojana (PMAY) in the last few years. On one hand, spending in the auto industry has declined. On the other hand, spending on affordable homes has gone up substantially. There is some reason to believe that spending has shifted to a significant extent from purchase of cars and two-wheelers to affordable homes in India in the last few years. <br /><br />Please <a href="https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector" title="https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector" class="re" target="_blank">TheWire.in, 6 October, 2019, https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector</a><div class="clear"></div>
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Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY?

Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country&rsquo;s leading car manufacturer, has reported a 32.7% decline..."/>
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Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY?

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    <h1 class="cat-box-title">The intriguing case of a massive slowdown in the auto sector -Gurbachan Singh</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY?<br /></em><br />Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country&rsquo;s leading car manufacturer, has reported a 32.7% decline in its total vehicle sales. There is a similar situation across the sector, including the two-wheeler industry. The sector has already lost over 300,000 jobs.<br /><br />What explains the massive slowdown in the auto sector in a short span of time? The usual explanations run in terms of factors like the general slowdown in the economy, the disruption caused by the Ola and Uber facilities, difficulties in getting a loan for purchasing a car or two-wheeler in the aftermath of the IL&amp;FS crisis (and more generally in the NBFC sector since then), the competition from electric vehicles in the coming years and the confusion around BS6 emission standards. <br /><br />There is indeed merit in such explanations. But they cannot explain the severity of the problem. Indeed, it is all very intriguing.<br /><br />Why then has so much happened so quickly?<br /><br />The answer possibly lies in something which has escaped our attention for sometime. It is the massive growth in the affordable housing segment under the Pradhan Mantri Awas Yojana (PMAY) in the last few years. On one hand, spending in the auto industry has declined. On the other hand, spending on affordable homes has gone up substantially. There is some reason to believe that spending has shifted to a significant extent from purchase of cars and two-wheelers to affordable homes in India in the last few years. <br /><br />Please <a href="https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector" title="https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector" class="re" target="_blank">TheWire.in, 6 October, 2019, https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector</a><div class="clear"></div>
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-TheWire.in

Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY?

Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country&rsquo;s leading car manufacturer, has reported a 32.7% decline..."/>
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Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY?

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    <h1 class="cat-box-title">The intriguing case of a massive slowdown in the auto sector -Gurbachan Singh</h1>
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		 Published on</span><span class="text-date"> Oct 6, 2019</span>
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                            <div align="justify">-TheWire.in<br /><br /><em>Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY?<br /></em><br />Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country&rsquo;s leading car manufacturer, has reported a 32.7% decline in its total vehicle sales. There is a similar situation across the sector, including the two-wheeler industry. The sector has already lost over 300,000 jobs.<br /><br />What explains the massive slowdown in the auto sector in a short span of time? The usual explanations run in terms of factors like the general slowdown in the economy, the disruption caused by the Ola and Uber facilities, difficulties in getting a loan for purchasing a car or two-wheeler in the aftermath of the IL&amp;FS crisis (and more generally in the NBFC sector since then), the competition from electric vehicles in the coming years and the confusion around BS6 emission standards. <br /><br />There is indeed merit in such explanations. But they cannot explain the severity of the problem. Indeed, it is all very intriguing.<br /><br />Why then has so much happened so quickly?<br /><br />The answer possibly lies in something which has escaped our attention for sometime. It is the massive growth in the affordable housing segment under the Pradhan Mantri Awas Yojana (PMAY) in the last few years. On one hand, spending in the auto industry has declined. On the other hand, spending on affordable homes has gone up substantially. There is some reason to believe that spending has shifted to a significant extent from purchase of cars and two-wheelers to affordable homes in India in the last few years. <br /><br />Please <a href="https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector" title="https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector" class="re" target="_blank">TheWire.in, 6 October, 2019, https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector</a><div class="clear"></div>
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The intriguing case of a massive slowdown in the auto sector -Gurbachan Singh

Published on Oct 6, 2019   Modified on Oct 6, 2019

-TheWire.in Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY? Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country’s leading car manufacturer, has reported a 32.7% decline in its total vehicle sales. There is a similar situation across the sector, including the two-wheeler industry. The sector has already lost over 300,000 jobs. What explains the massive slowdown in the auto sector in a short span of time? The usual explanations run in terms of factors like the general slowdown in the economy, the disruption caused by the Ola and Uber facilities, difficulties in getting a loan for purchasing a car or two-wheeler in the aftermath of the IL&FS crisis (and more generally in the NBFC sector since then), the competition from electric vehicles in the coming years and the confusion around BS6 emission standards. There is indeed merit in such explanations. But they cannot explain the severity of the problem. Indeed, it is all very intriguing. Why then has so much happened so quickly? The answer possibly lies in something which has escaped our attention for sometime. It is the massive growth in the affordable housing segment under the Pradhan Mantri Awas Yojana (PMAY) in the last few years. On one hand, spending in the auto industry has declined. On the other hand, spending on affordable homes has gone up substantially. There is some reason to believe that spending has shifted to a significant extent from purchase of cars and two-wheelers to affordable homes in India in the last few years. Please click here to read more.

TheWire.in, 6 October, 2019, https://thewire.in/business/the-intriguing-case-of-a-massive-slowdown-in-the-auto-sector

Tagged with: Automobile industry Economic Slowdown Economic Downturn Pradhan Mantri Awas Yojana PMAY Affordable Housing

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