Now that the Auto Expo-The Motor show 2020 has been done and dusted, let us analyse whether it was a success or a big flop show.
The year 2020 began on a disastrous note for the Indian auto industry. Month after month till the end of 2019, the Indian auto industry witnessed a free fall in sales of their vehicles. This led to production cut and part closure of plants for many auto companies and even retrenchment of workers.
You can blame all this to the young generation, because they prefer their Ubers and Olas for a ride, rather than buying their own vehicles. This was the argument given by Finance Minister Nirmala Sitharaman when the media asked her about the reasons why the Indian auto industry was witnessing fall in sales of vehicles.
It was in these circumstances that the Society of Indian Automobile Manufacturers (SIAM) with the support of Automotive Component Manufacturers Association of India and the Confederation of Indian Industry had organised the Auto Expo-The Motor Show 2020 at Great Noida on the outskirts of New Delhi in the northern state of Uttar Pradesh.
But then came a double whammy. Even though a lot of prominent Chinese Auto companies either directly or indirectly through collaborations had booked their spaces at the Auto Expo, senior Chinese officials from these companies had to cancel their visit to India because of the deadly coronavirus fears.
This story is from the March 2020 edition of Motown India.
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This story is from the March 2020 edition of Motown India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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