Recently Hero launched its first electronic cycle and Pankaj Munjal, Chairman of Hero Cycle was describing his cycle said that his cycle when on a full charge can run 80 kilometers on one go.
And on this occasion he also shared his experience on recession in the country. Explaining today's situation as the worst situation he said that,"He has never seen and experienced this type of recession in the past 55 years. He has not seen this type of GDP before." He also added that in his whole life he has seen growth rate fall but right now growth rate has saturated.
Recession is there or not can be best explained as many auto sectors are near to the extent of shut down. Revival schemes are being brought up but in vain. Still the government is not accepting the fact that the country is facing worst recessions of its kind.
Tata, Maruti, Ashok Leyland have closed their some plants, people are being thrown out of their jobs yet government is not accepting any recession of any kind. Maruti has closed two plants in the recent times.
The government has been criticized for GDP figures. When asked about this, Finance Minister Nirmala Sitharaman said that Millennials are using vehicles like Ola-Uber. Therefore, the sale of vehicles has stopped.
No comments:
Post a Comment