A Covid-19-hit auto industry pitches for incentives to revive demand

At SIAM's 60th annual conclave, the industry body's president blamed the sales slump on an overdose of regulations, liquidity issues and a slowing economy

Auto industry leaders made a strong plea to the government to offer demand incentives to boost sales ahead of the festive season at (SIAM) Society of Indian Automobile Manufacturers’ 60th annual conclave titled Reviving Demand.

Submitting industry’s appeal to Prakash Javadekar, Minister of Heavy Industries and Public Enterprises—the guest of honor for the virtual event, Rajan Wadhera, President, SIAM said, “The industry has not been able to realise the investment it made in transition from BSIV to BSVI due to lack of consumer demand. Therefore, it’s not in a position to make further investment for new regulations.” These include CAFÉ (corporate