Lockdown-hit automobile dealers in Kerala seek govt’s intervention

Our Bureau Kochi | Updated on April 15, 2020 Published on April 15, 2020

The Automobile Dealers Association of Kerala has said the automobile market which was in a downturn before the onset of the Covid-19 outbreak is further heading towards severe crisis.

The auto sector in general has been struggling for the past two years. Compounding this, Kerala has been facing floods for two consecutive years. Now, it is the turn of Covid-19.

The auto retail sector has already been reeling with high-interest rates and operating costs. Many dealerships shut down business last year, resulting in a large number of job losses, Kerala Automobile Dealers Association Secretary Manoj Kurup said.

“We feel that it would take another 8 months for the market to recover from the current crisis. The auto retailer market, which employs more than one lakh workers, has not received any support from manufacturers or the government. No relief measures or other rescue policies or packages have been announced for the sector. The Indian automakers, including Maruti, Hyundai, Mahindra, and Honda, are only paying the outstanding dues.

“In this scenario, the fate of dealerships and jobs of over one lakh workers hangs in balance. The government must declare tax cuts and rescue packages urgentlyto sustain the automobile market.” Kurup said.

The Chief Minister should intervene and take remedial measures including in the matter of rent exemption. Urgent action is needed to avert shut down of many institutions in the sector, he said.

Published on April 15, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.