Maharashtra is estimated to contribute 15-20% to the country’s car and SUV sales. (Representative image)
NEW DELHI: The fresh Covid lockdown in Maharashtra has become a worry for the car industry, which fears that the recent boost in demand may be punctured, especially on the retail front.
Dealers too are worried and say that a prolonged period of shutdown may lead to closure of many car and two-wheeler retailers, many of whom are still to recover fully from the negative impact of the first lockdown of last year.
Maharashtra is estimated to contribute 15-20% to the country’s car and SUV sales and a reversal in demand in the state due to restrictions will disturb the resurgence of the industry, company executives told TOI.
hard to turn things around. this morning we have encouraging news that the hard work may finally be paying off. t.j. winick has more. good morning, t.j. reporter: good morning, rob and vinita. there are now signs detroit is back on track when it comes to the american auto industry. business appears to be rolling again in the motor city. this week general motors, ford, and chrysler are announcing a combined $2 billion investment in their michigan operations. the companies will likely add over 2,200 jobs while retaining thousands more. we ve come through this horrible recession. we kept investing in the future. we have the products that people really do want and value, and now we re switching over to a profitable growth mode, which is great for everybody. reporter: it s all thanks to positive growth, competitive wage agreements with the unions, and a generous package of tax incentives courtesy of the state. we re gratified that we are seeing the tail end of that recession, that