Maruti Suzuki India CEO R.C. Bargava said the Indian automobile sales may rise after the lockdown lifts up as people would stop using public transport
The Indian automobile industry has been severely affected due to the lockdown. The government has locked the nation till 3rd May 2020, and due to this, the dealerships around the country are closed. This lockdown has directly affected sales of the vehicles. The carmakers have halted production of the vehicles at their respective manufacturing facilities. However, recently, the bossman of Maruti Suzuki India said that the current sitution may turn out as a blessing in disguise for the Indian automakers. The chairman of Maruti Suzuki India Ltd, Mr R.C. Bhargava said that this lockdown can become a game-changer for the Indian auto market.
Mr R.C. Bhargava said that the novel coronavirus can become a game changer
He said that people may continue social distancing in future after the lockdown period gets over. According to Mr Bahrgava, people will stop using public transport to keep themselves away from the crowd and save themselves from this deadly virus. This mindset can affect the car-buying habits of customers.
In a recent interview with Bloomberg, R.C. Bhargava said, “If buyers become apprehensive of sharing space with another passenger it will increase demand for vehicles. It’s not the same India anymore. People’s attitudes toward buying will change.”
The auto industry is facing a huge loss every day
The Indian automobile industry is facing a loss of Rs 2,300 crore every day. Last month, automobile sale has dropped by 52 per cent. Carmakers like Mahindra and Tata said that they are facing one of the worst sales slumps in history. Recently, Hyundai Motors Indian announced a new initiative named ‘click to buy’, where a customer can purchase a new car from the comfort of his home. The automakers have initiated such plans to try and conserve the sales momentum. For instance, today, one can easily purchase a brand new Hyundai car from the company’s official website.