Job losses worse than last year’s auto slowdown: FADA
Automobile dealers’ body FADA fears that the coronavirus pandemic could result in job losses in dealerships which could be worse than what was experienced last year when over two lakh jobs were lost due to a prolonged slowdown in the automobile industry, according to a top federation official.
migrator
New Delhi
The Federation of Automobile Dealers Associations (FADA), however, said a clear picture will emerge only after the end of this month when it will roll out a survey to understand how its dealer members are planning with regards to reduction of outlets and manpower.
Asked if there is a fear that there could be bigger job losses in dealerships due to the COVID-19 impact than 2019 when the automotive industry was hit by a prolonged slowdown, FADA President Ashish Harsharaj Kale said: “Yes, if demand doesn’t pick up. Obviously.” Between May and July last year, the automobiles dealerships across the country shed around 2 lakh jobs to tide over the impact of an unprecedented sales slump. Kale, however, said, “To understand the kind of job losses we are staring at (due to COVID-19), it will only be (possible) after this month. You can’t really gauge the demand now.”
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