The Auto Industry slow down 
The performance of auto industry is very vital as it contributes 7.1% to the GDP and a whooping 49% of manufacturing GDP so if there is any change i.e expansion or contraction it will directly influence the GDP,the auto sector provides jobs to millions in India.The auto sector was growing consistently so much so that new automotive company were vying to enter the auto industry such as KIA motors,Morris Garages and the mighty Peugot group but it was the year 2019 when things fell apart and the auto industry started slowing and it was going negative miserably and had a touched a 18 years low of sales this directly impacted the economy as the auto makers had to fire nearly million people out of there jobs, hault there production for several days which eventually led to another record where it specified that India's Unemployment had reached a 45 year low and the auto anxillary too started facing problems and stock market which is the most important economic barometer also showed market corrections and eventually wiped out lakhs of crores of investors wealth. The slow down in was bound to happen with the joint efforts of the government and market forces .It all began with the government introducing tougher emission norms i.e BS6 so the auto makers had to invest in developing or upgrading there existing engines to new set standards so  which  meant they had to invest more and more in R&D department and the cost which they bore had to be passed to the end customer  moreover they also had to develop there products keeping in mind the upcoming products from new competitors  eventually all this led to inflating the price of there products and since indian customers are price sensitive they decided to postpone there demand and so the market started crashing.

 WHAT THE ECONOMY NEEDED WAS A BOOSTER BUT WHAT WE GOT WAS AN  ASPIRIN ,The government inorder to fight back with the situation decided to allow its institutions to buy/replace there vehicles which was basically a charity movement done by the government however what they could have done was reduce the tax slabs on the cars which would eventually decrease the price of the vehicles and also reduce the interest on car  loans via its central bank inorder to promote car sales but the government not to do any of the above and leave the situation on its own which would ultimately lead to an debacle. 

The sales of various vehicles have shrinked completely with companies having there sales reduced by 47% and 33%, this clearly shows that the segment is into some deep trouble yet the government has decided to close its eyes over this concern.