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Statistics puncture Nirmala Sitharaman's Auto slump theory

Thursday, September 12, 2019, 7:54 AM

Facts, numbers and economics they all belie finance Minister Nirmala Sitharaman's unique if not bizarre explanation to the slowdown in the country's automobile sector. She blamed the proliferation of cab aggregators like Ola and Uber and the change in the mindset of millennials who prefer to use them instead of buying cars for the decline in sales.