NEW DELHI: To tide over the economic slowdown due to the covid -19 pandemic, automobile dealers on Wednesday urged vehicle manufacturers to increase their profit margin on per vehicle sold, to improve the financial viability of dealership business.
Sales of vehicles across categories crashed in March when the pandemic started spreading in India. Subsequently, auto dealers had to close their showrooms for more than a month due to the lockdown implemented by the Centre and states to contain the spread of the virus.
Due to the sudden drop in sales and subsequent lockdown, dealers incurred significant losses. The current setback comes after a year of double-digit decline in sales.