What caused the auto industry crisis? The automotive industry was weakened by a substantial increase in the prices of automotive fuels linked to the 2003–2008 energy crisis which discouraged purchases of sport utility vehicles (SUVs) and pickup trucks which have low fuel economy. How does the automobile industry work? The automobile industry is supported by various factors such as availability of skilled labour at low cost, robust R&D centres, and low-cost steel production. The industry also provides great opportunities for investment and direct and indirect employment to skilled and unskilled labour. With fewer fuel-efficient models to offer to consumers, sales began to slide. Is automobile industry going down in India? Yes, don’t you think that automobile industries are going down as per recent trends? Did unions destroy the auto industry? There were significant factors, which affected the automobile crisis, right? Let’s learn further about the crisis in automobile industry, shall we?

Nazrin Farzana

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