Explain the initial downfall of indianas automobile industry. What economic factors contrinuted to this decline?

Mahindra & Mahindra has registered a fall of 15 per cent in total monthly sales to 40,142 units in July 2019.

The domestic sales of Honda Cars India have dived 48.67 per cent to 10,250 units in July 2019.

TVS Motor Company has reported a sales decline of 13 per cent to 2,79,465 units in July 2019.

Domestic automobile industry's sales volume fell 12 per cent YoY in June 2019 on weak consumer sentiments owing to the slowing economy amid delays in the onset of monsoons. With rising inventory levels at dealer level, most original equipment manufacturers continued to take production cut in June 2019.