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With no fillip to demand generation, dismayed auto industry stares at an uncertain future

covid-19 experts economy Government
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The automobile sector is staring at an uncertain future as the relief economic package announced by the union government may not be able to address the challenges faced by the sector adequately.

According to executives and sector experts, the union government has done nothing to stimulate demand at a time when demand for big ticket items like automobiles has crashed due to the Covid-19 induced slowdown.

Also, for the MSMEs in the sector, will not stand to gain much, since most of the money has been given through banks and bulk of these entities may not take loans to pay expenses like employee salaries and invest in new capacities.

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