Twitter to FM: Why Are Truck Sales Down if Millennials Prefer Ola?

FM Sitharaman said that millennials now prefer Ola or Uber rather than committing to buying an automobile.

Finance Minister Nirmala Sitharaman.

(Photo altered by The Quint)

As India witnesses one of its worst slowdown in the automobile industry, Finance Minister Nirmala Sitharaman’s remarks on Tuesday, 10 September – citing millennial preferences as a reason behind the slump – left netizens confused.

During her presser on the ‘bold’ decisions of the 100 days of the Modi 2.0 government, the finance minister said:

“Automobile industry is now affected by BS6 and the mindsets of millennials, who now prefer to have Ola or Uber rather than committing to buying an automobile.”

With this, many on Twitter questioned the finance minister’s source of information while others pointed out to the “truck driving millennials” using Ola and Uber transporting good.

‘Did FM Learn About Automobile Slowdown at WhatsApp University,’ Asks Twitter

‘Why Are Truck Sales Down if Millennials Prefer Ola?’

OLA & Uber Trend After FM Sitharaman’s Presser

Hours after the finance minister’s press conference, “Ola and Uber” started trending on Twitter. Here are some tweets:

Non profit apex national body representing all major vehicles in India, SIAM on 9 September, reported that automobile sales in India have witnessed their worst-ever drop in August this year.The slump in domestic automobile sector continued unabated in August as the overall sectoral off-take plunged 23.55 percent.