Finance Minister Nirmala Sitharaman said on Tuesda... moreFinance Minister Nirmala Sitharaman said on Tuesday that one of the factors affecting the automobile industry is the change in “mindsets” of millennials who prefers to use Ola and Uber cabs rather than own a car. Interestingly, there is data emerging that shows about half of the millennials question the need to own a car. This can partly be explained by the increase in financial awareness that is encouraging them to use their money more judiciously. Another factor could be the jobs uncertainty. All this means the auto industry may have a new trend to adapt to.
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