After almost zero sales in April due to the complete lockdown, the Indian auto industry has restarted operations (both plants and dealerships) partially even as it adheres to new operating norms.
The automobile sector has been experiencing a slump for several months with nearly all manufacturers reporting falling sales due to subdued consumer sentiment amid an economic slowdown.
The auto industry has witnessed 2.15 lakh job losses due to the slowdown. Nearly 300 dealership outlets have vanished, resulting in two lakh people losing jobs. Another 15,000 job losses have been reported by original equipment manufacturers (OEMs), SIAM said.
New Delhi: Hero Electric is planning to export two-wheeler from 2019 to multiple nations which include regions in the Asian...