Will auto industry emerge from losses after lockdown ends?

Due to the lockdown, the Federation of Automotive Dealers Association (FADA), an association of automobile dealers, said on zero sale held in April on Friday that we will forget and work towards starting the business again. FADA said that April 2020 was a month that the entire automobile sector would like to forget. It also said that now the entire automobile ecosystem will have to come back to do business together.

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Regarding this matter, FADA said that this is the first time in automobile history when sales have been zero. This is a difficult time for the entire automobile community. FADA President Ashish Harsharaj Kale said that we will move towards restarting the business as soon as possible after the lockdown opens. He again said that April 2020 will be a month which the whole automobile industry wants to forget and say that such a time will never come in future. The entire automobile sector has been affected due to the applicable lockdown across the country.

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In his statement, he further said that the entire automobile sector will have to come back to business together. If any one is left out, it will have a significant impact on it because the whole system is dependent on each other. Now also it has to be seen how much impact is there on the demand. Although it is expected to be much lower. He also said that the auto industry will need help from the government soon after the lockdown, so that the demand can be brought back on track.

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