Download Free PDF

  • HOME
  • ABOUT US
  • SUBSCRIBE
  • ADVERTISE
  • E-NEWSLETTER
  • CONTACT US
91-22-24193000
Subscriber@ASAPPinfoGLOBAL.com
Automotive Products Finder
  • BEST STORIES
  • INTERVIEWS
  • NEWS UPDATES
  • PRODUCTS
  • EVENTS
  • ARCHIVES
Automotive Product Finder Magazine | Second COVID-19 wave creates a setback in the automotive sector

Second COVID-19 wave creates a setback in the automotive sector

Jagdish Khattar, Former MD of Maruti Suzuki India, Passes Away at 78
Continental develops easy-to-recognise jacket for vulnerable road users

News  /   April

New Delhi

The automotive industry, which was only slowly beginning to accelerate after the first COVID wave, is now again being threatened by a setback due to rising infections in the rural areas. The second COVID wave is causing a drastic rise in infection rate in all parts of the country.

The industry representatives and vehicle dealers have mentioned that walk-ins to their showrooms have reduced considerably. Two-wheeler sales have already reduced too. According to Motilal Oswal Securities, two-wheeler sales have gone down by 30-50% without any immediate recovery. It is expected that tractor sales will also decline in the coming months.

According to Vinkesh Gulati, President, Federation of Automobile Dealers Associations (FADA), many states where the COVID cases are high have gone into lockdown. In other states too, footfalls have reduced because of the fear of getting infected. Many dealerships have closed, and overall, things don’t look good for the industry.

Apart from the rising COVID cases, restrictions in different states have made it difficult for OEMs to function as before. It is to be noted that the industry is already struggling with a semiconductor shortage. The industry does hope that with rapid vaccination plans, things will get back to normalcy this time sooner.

Related Stories:

https://www.automotiveproductsfinder.com/news/industry-sees-a-dip-in-two-wheeler-sales-due-to-the-second-covid-wave/134443

 

Tags Cloud
  • Automotive Sector
  • Lockdown
  • COVID Wave
  • Two Wheeler Sales
  • Tractor Sales
Advertise Here [600 W x 90 H pixels]

Comments

Loading ...
Social
Become a fan
Like
Follow us
Follow
RSS
Subscribers
Popular posts
FPT Industrial opens new ePowertrain plant in Italy
FPT Industrial opens new ePowertrain plant in Italy
News,
Oct 2022
Ashok Leyland unveils vehicle platform JEET 4x4 at DefExpo 2022
Ashok Leyland unveils vehicle platform JEET 4x4 at DefExpo 2022
News,
Oct 2022
Continental develops easy-to-recognise jacket for vulnerable road users
Continental develops easy-to-recognise jacket for vulnerable road users
News,
Nov 2022
Most commented
0 Continental develops easy-to-recognise jacket for vulnerable road users
0 Ashok Leyland unveils vehicle platform JEET 4x4 at DefExpo 2022
0 FPT Industrial opens new ePowertrain plant in Italy
Latest Comments
1
None says:
None
2
None says:
None

Posts Categories

  • BEST STORIES
  • INTERVIEWS
  • NEWS UPDATES
  • PRODUCTS
  • EVENTS
  • ARCHIVES

Twitter Feeds

Contact Us

ASAPP Info Global Services Pvt Ltd.

A-303, Navbharat Estates,
Zakaria Bunder Road,
Sewri (West),
Mumbai - 400 015,
Maharashtra, India


Tel : 91-22-24193000, Fax : 91-22-24175734
Email : Subscriber@ASAPPinfoGLOBAL.com
Website: www.ASAPPinfoGLOBAL.com
  • HOME
  • ABOUT US
  • SUBSCRIBE
  • ADVERTISE
  • E-NEWSLETTER
  • PARTNERS
  • CONTACT US

© COPYRIGHT 2019 ASAPP Info Global Services Pvt Ltd. All Right Reserved.