Car and bike manufacturers like Maruti Suzuki, Tata Motors, and Honda Motorcycle and Scooter India (HMSI) are playing a saviour’s role to prevent auto dealers from becoming extinct.
The going has been tough for the dealers for quite some time now.
In April 2020, retail sales fell to zero for the first time after the country-wide lockdown due to COVID-19. The community was already battered, and FY20 turned out to be one of their worst years, with volumes declining 18 percent to 21.54 million units, compared to FY19.
So much so that during FY20, more than 300 dealerships downed shutters permanently.