We are What we are!
Many times we are made to repeat our mistakes because we tend to forget basic rules and laws that govern our activities. Somebody said ,those who forget history are condemned to repeat it!
When Virat or Rohit score centuries we tend to think that they will continue to score that way in every match.But sooner or later law of averages will catch up. Same thing happened to Sachin and Gavaskar and the same will also happen to Virat and Rohit.
Our Auto sector is also plagued by the investment decisions made by forgetting the law of averages.Indian auto sector grew by more than 15-20% in the second half of 2017-18 and upto the first half of 2018-19.Everybody, who is who in Indian Auto Industry thought that it will grow at this phenomenal pace continuously for another 3-5 years.But the law of averages hit them hard in 2019-20 first half to bring them back to senses.
According to me Indian Auto sector can hope to grow faster only after the future tech policy of the govt on auto mobility gets settled and the roadmap is communicated properly to the buyers and other stakeholders. Since Indian per capita disposable income is growing steadily at 8-10% annually, things should settle down sooner than later.
Many times we are made to repeat our mistakes because we tend to forget basic rules and laws that govern our activities. Somebody said ,those who forget history are condemned to repeat it!
When Virat or Rohit score centuries we tend to think that they will continue to score that way in every match.But sooner or later law of averages will catch up. Same thing happened to Sachin and Gavaskar and the same will also happen to Virat and Rohit.
Our Auto sector is also plagued by the investment decisions made by forgetting the law of averages.Indian auto sector grew by more than 15-20% in the second half of 2017-18 and upto the first half of 2018-19.Everybody, who is who in Indian Auto Industry thought that it will grow at this phenomenal pace continuously for another 3-5 years.But the law of averages hit them hard in 2019-20 first half to bring them back to senses.
According to me Indian Auto sector can hope to grow faster only after the future tech policy of the govt on auto mobility gets settled and the roadmap is communicated properly to the buyers and other stakeholders. Since Indian per capita disposable income is growing steadily at 8-10% annually, things should settle down sooner than later.
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