Vishnu Mathur of SIAM on auto sector crisis

As passenger car sales fall 36 percent the Society of Indian Automobile Manufacturers (SIAM), say this is the worst slowdown in 19 years. The industry body tells CNBCTV18 that the auto industry has cut approximately 3.5 lakh jobs and reiterates their demand for a goods and services tax (GST) cut. Here is an excerpt of a conversation that Parikshit Luthra had with director general of SIAM, Vishnu Mathur.