Comparison of recently announced data of RBI, CMIE’s CPHS & CMIE survey reflects divergent findings on spending power of consumers on durables but declining trend in auto sector. Auto sales dipped for all segments put together 19 % since budget announcements. Lay of on the cards. Wheels India announced cost cutting measures already. The sector as a whole is in doldrums . And with it the stock market. 2. Only redeeming feature seems to be huge foreign order secured by Ashok Leyland. Shares of this company going cheap now. But no big and small auto company as yet announced huge lay off of or retrenchment. 3. Worldwide it is expected growth will take a down trend, more job losses not to speak of any creation of jobs. It is anticipated, cascading effect in negative growth all sectors of economies around the globe both developed and under developed. 4. Tax sops in auto might be a pittance but may not give me h needed fillip or the prop. Thanks to world governments for their foresightedness in ruining the economy of white and blue collar. Thanks and Regards.