Online Admission

Automotive Industry Shapes its Road to Recovery

The automotive industry had observed a sharp decline in demand and investment amidst the pandemic. But as the easing of lockdown begins, experts believe that the automotive sector will also be on the path of recovery. The UNLOCK has gradually reversed the declining sales trend in India as well as other parts of the world. The automakers have restarted production and dealerships record sales again.

Automotive industry’s recovery from the pandemic

It is surprising but true! With a gradual relaxation of the lockdown, the demand for vehicles has increased. The cars and two-wheelers have staged a recovery as unlock begins. The pandemic has significantly fueled the sales of passenger vehicles due to the preference for personal mobility. People now prioritize social distancing and personal hygiene, hence they prefer personal mobility. This has boosted the manufacturing and sales of vehicles.

Toshihiro Suzuki, president of Suzuki Motor Corporation said, “Automotive industry is ‘recovering faster than expected’ on account of pent up demand and the need for personal mobility over public transportation post lifting lockdown in May.”

A research by SIAM (Society of Indian Automobile Manufacturers) has revealed that the sales of passenger vehicles in Indian have risen by 26% in September. Passenger vehicle wholesales in India increased by 26.45 per cent to 2,72,027 units in September as against 2,15,124 units in the same month last year, auto industry body SIAM said on Friday. Wherein two-wheeler sales also rose 11.64 per cent to 18,49,546 units, compared with 16,56,658 units in the same month last year.

Certain features like in-built sanitization, enhanced air-purification systems and anti-bacterial surfaces may see a spike in demand of four wheelers. Companies that incorporate such innovation while staying cost-effective will likely have the upper hand in terms of sales. Consumers are willing to pay extra for their own physical and mental wellbeing.

A rewarding career in automotive industry

The auto market is now on the recovery path as per the data shown. So, when there are more cars on road, it means more technicians and mechanics are required to maintain them. An increased sale of vehicles has significantly boosted the demand for technicians and mechanics. The automobile certification course put you on the fast track to a great career. You can break into the industry by getting into an auto industry by acquiring the apt skills and talent.

Share

Recent Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

×

Hello!

Click one of our representatives below to chat on WhatsApp or send us an email to frontdesk@cedp-edu.com

×