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Covid impact: Car firms planning big discounts? Toyota Kirloskar VC answers

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Speaking at Pivot Or Perish, the Mint webinar on t... moreSpeaking at Pivot Or Perish, the Mint webinar on the economic fallout of the Covid-19 pandemic, Vikram Kirloskar, Vice Chairman of Toyota Kirloskar Motor, and President of the Confederation of Indian Industry, said that there is no concrete movement on a stimulus for the automobile industry by the government yet.

He also expressed scepticism about a possible flurry of big discounts on vehicles as a move to boost demand. Kirloskar said that such a move would be like 'hara-kiri' by auto firms.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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