The country’s automobile industry will gather pace by July-August this year, a top official at Tata Motors said, attributing the current temporary slowdown to issues like consumers facing problems in securing vehicle loan and the companies shifting to BS-VI emission norms as mandated by the government. “The sluggishness of the vehicle market in the country is going to be short-lived. We hope that sales of passenger vehicles will record pace by July-August before the festive season,” Tata Motors president (passenger vehicles business unit), Mayank Pareek, told reporters after launching the company’s new car Altroz in Madhya Pradesh. He hoped that the vehicle market would grow due to the continuous expansion of infrastructure in the country and the increasing population of young professionals.

(Economic Times)