WA manufacturers win $2.5m in funding

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After a washout month, automobile industry seeks resumption of business

Indian auto companies sold no cars in the month of April – a first in history as a nationwide lockdown kept factories and showrooms shut preventing any sales. Auto sales are a primary barometer of the country’s economic health and experts say that prolonged closure will threaten jobs and expand the magnitude of effort required to restart the economic engine, post the pandemic health crisis. The sector contributes 7 per cent of India’s total Gross Domestic Product (GDP). The worsening problem forced three industry bodies of carmakers, (SIAM), auto dealers (FADA) and auto component […]

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