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Covid-19 Impact: India Auto Inc to lose over Rs 2,300 crore for each day of closure

Covid-19 Impact: India Auto Inc to lose over Rs 2,300 crore for each day of closure

Sumantra B Barooah     calendar24 Mar 2020

As per quick estimates by Society of Indian Automobile Manufacturers, it is expected that Plant closure of Auto OEMs & Components will lead to loss of more than Rs 2,300 crores in turnover for each day of closure.

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POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

64.18%

No

 

35.82%

Total Votes : 670