The coronavirus outbreak could not have come at a worse time for the trucking industry whose fortunes are a close reflection of the health of the economy.
But as the industry gears up for a new normal in business, Vinod Aggarwal, managing director and chief executive of Volvo Eicher Commercial Vehicles Ltd, tells Mint for the “Pivot or Perish" series that the crisis could also throw up new opportunities.
Productivity and efficiency would improve drastically through digitalization, while replacement demand for old trucks could aid a recovery in the coming days, he says.
Edited excerpts from an interview: Will the covid-19 pandemic completely change your manufacturing and sale of vehicles? There is a new normal now and a lot of work can