Photo credit – The Hindu business
Coronavirus: A loss of 1 lakh crore to the auto industry amid lockdown, not a single car sold for the last 40 days. It will also be a big loss to the government’s revenue, no compensation, no arrangement is being made by people on one side of coronavirus (Coronavirus) infection around the world, and on the other hand, the economy is also declining. That is why the ongoing lockdown to save people from Coron in the country has badly affected the business. Not only that,(Auto Sector) talking about the auto sector, it is claimed that the auto sector is estimated to have a loss of about Rs 1 lakh crore between the lockdown. This is due to the closure of a single train from the country for the 25th of March. At the same time, all car companies and other factories are also closed. This will also reduce the country’s GDP by 0.5 percent. However, in the meantime, the Government is making all efforts to control the corona.
The automobile industry is under distress like never before to suffer approx 15 billion dollars loss.
That is why the corona infection case in India is less than countries like the United States. Those who are constantly trying to stop. The government has allowed some plant to work, but not get relief lockdown the government has allowed some factories to run on terms between Green and Orrez John, but auto companies claim that they will not benefit from it. This is due to uncertainty over the Vendor Supply Vedder supply. People are in the houses amidst their lockdown. (Car ShowRoom) The car showroom is closed. People are defending in getting out of the houses. There is no possibility of car sales. The government will take a big blow the government gets a good revenue in the form of registration of new vehicles from GST to train, but not a single train has been scattered for the last one month amid the ban between the lockdown. This is due to lockdown and everything to be closed. It has a direct bearing on the government. This will shock the government’s revenue reduction.