Twitterati explode with memes after Sitharaman blames millennials for auto industry slump

New Delhi, Sep 10: Finance Minister Nirmala Sitharaman on Tuesday said the slowdown in the automobile sector was due to many factors like the change in mindset of millennials,who now prefer taxi aggregators like OLA and UBER instead of committing for monthly installments to own a car.

"The automobile and components industry has been affected by BS6 and the mindsets of millennial, who now prefer to have Ola and Uber rather than committing to buying an automobile," said Sitharaman while addressing reporters.

Sitharaman said the automobile industry did have its "good times" till two years ago.

The minister said the sector had been affected by several things, including movement towards BS-VI norms and registration related matters and (also) change in mindsets.

Meanwhile, Netizens made the best use of the occasion to create tools for satire or memes on social media. Check out how Twitterati reacted to the auto industry slowdown with their comments.