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Covid-19 Impact: Auto dealerships stare at shutdowns, job losses
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MUMBAI: Bleak demand outlook coupled with shift of sales and promotion activities to online platforms by most auto manufacturers is worrying dealerships, many of which now stare at stressed financials and significant job losses across India.
According to industry experts, job losses could easily touch 25% of 45 lakh strong workforce employed across 17,000 auto dealers, who manage around 30,000 outlets across the country.
While the Federation of Automobile Dealers Association of India (Fada), the industry’s apex body, has yet not estimated the number of potential job losses in the coming months, its top office bearers told Mint that vehicle sales are expected to drop by around 50% in the near future due to lockdown measures and the economic
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COVID-19
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India
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