Millennials\, Not Taxes\, Get Blame for India’s Falling Auto Sales

Millennials, Not Taxes, Get Blame for India’s Falling Auto Sales
Customers eat at a Domino’s Pizza outlet, operated by Jubilant Foodworks Ltd., after the opening of the company’s 600th Indian restaurant in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Millennials, Not Taxes, Get Blame for India’s Falling Auto Sales

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(Bloomberg) -- Millennials’ preference for ride-hailing services such as Uber and Ola over owning cars, and not high taxes, is among reasons behind India’s slumping vehicle sales.