Post Corona I see a very dark future for the automobile sector. Sales of new cars and goods transport vehicles will come to a stand still.
Primary reasons for this gloomy forecast
* Priority will be to arrange for the basic needs.
* Expansion activities of all will be the first to be hit resulting in no need of more vehicles.
* Infra projects of government will be badly hit as priorities will shift.
* Replacement market will cease for long.
* Additional vehicles in industry, business and family will not be in priority list.
* Shifting from 2 wheeler to 4 wheeler will halt, once again because of priorities changing.
* Demand for trucks will go down as there will be less transportation of goods.
With this happening we will see
* Closure of few industries.
* Cutting down production to around 10%.
* Closing down of most retail show rooms.
* Tremendous job loss.
* Salary cuts at higher level.
* Cost cutting all over.
What would improve
* Demand for public transport will increase.
* Increase in sales/purchase of used vehicles.
* Increase in vehicle repairing sector.
* Increase in demand of spare parts.
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