'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
One of the challenges for those car graves is that Indian owners often find markets for their old cars rather than send them to scrapyards.
As the Nano made its commercial debut, automotive industry experts opined that the Rs 1 lakh wonder from the Tata stable can give an additional 14 million Indian families access to an affordable car, thus creating a niche segment.
Passenger car sales fell 0.89 per cent in the domestic market in June, the second time in the last six months, to 64,464 units from 65,046 units in the same month last year.
Construction sector is one of the largest seasonal employment providers in India
His resignation as chairman of the government's skill development agencies triggered talk that he may be headed back to the Tata Group where a search committee is looking for a full-time chairman.
Only 2.3% of the Indian workforce has undergone formal skill training, as compared to 68% in UK and 52% in the US