Context: There is a need for short and medium term policy correction in the automobile sector, which is going through structural technological shifts (Electric Vehicle (EV) technology).
Stats related to Automobile Sector in India
Challenges to the Automobile Sector:
Conclusion: Scaring off global investors who have spent millions of dollars and several decades in the Indian automobile market is not the best way to attract future investment in the sector — or any other sector for that matter.