With the severe
second wave of COVID-19, the death toll in India has reached as high as 4,329
daily. The country has not announced a complete lockdown yet but at least 27
states are currently under a lockdown.
According to the
Society of Indian Automobile Manufacturers (SIAM), the demand for automobiles
has been greatly affected. As per Shashank Srivastava, Senior Executive
Director of Sales & Marketing, Maruti Suzuki, COVID 2.0 has badly affected
the industry. He said that about 81% of the outlets were closed.
As stated by
Vinkesh Gulati, President, Federation of Automobile Dealers Associations, the
commercial vehicles and two-wheeler segment are also not having any positive
Guleria, Director of Sales & Marketing, Honda Motorcycle and Scooter, said
that if the month-on-month data is compared from April to May, then things have
gone down for the worse. He said that the retail sales have gone down by 65%.
Deepak Jain, President, The Automotive Component Manufacturers Association, the
supply chains were already quite fragile during the first wave of Covid-19 but
with the second wave, it has become more challenging for the companies to
operate and survive.
The industry was
already recovering from last year’s COVID wave and the second wave has made the
situation even worse in the country.
Source – CNBC TV 18
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