Economy

Has the automobile sector regained its mojo?

Our Bureau Chennai | Updated on November 12, 2020

The 3rd conversation in the series will feature a panel of experts

The automotive sector accounts for 7 per cent of India’s GDP making it important that it does well for India’s economy to grow at a rapid pace. The sector had begun to slowdown well before Coronavirus reached the Indian shores. The pandemic accelerated the fall. After the lockdown was lifted, automotive sales began to revive especially in the rural areas. Automobile manufacturers are seeing higher capacity utilisation. Has the sector regained its form? Is it the harbinger of India’s return to a faster economic growth?

Conversations, a series of webinars being organised as a part of The Hindu Group’s ongoing campaign Tamil Nadu Smiling, will discuss this subject at its third webinar today at 11 am. The topic, “Will the automobile sector regain its mojo this festival season?”

Consumer awareness

Tamil Nadu Smiling’, is aimed at bringing together the people of the State, its traders and retail organisations and government authorities to find ways to emerge from the effects of the pandemic. As a part of this initiative, the series of webinars in various formats and panning across industries will bring together key stakeholders to create awareness among consumers and the trade fraternity.

The third conversation in the series will feature a panel of experts from the automobile industry. Santosh Iyer, VP – Sales and Marketing of Mercedes-Benz India; Narayan Sundararaman, Head of Marketing, Bajaj Auto and D Arulselvan, Executive VP and CFO, Cholamandalam Investment & Finance Co will share their views. G Balachandar, The Hindu BusinessLine’s Senior Assistant Editor will moderate the discussion.

To register for free, scan the QR code or WhatsApp ‘Conversations’ to 8939 283 283.

Published on November 12, 2020

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