BMW, Toyota, Hero Will Skip AutoExpo 2020 Due To Slowdown; But Maruti’s Festive Sales Is Positive!
After the months of crisis in the Auto sector, finally, positive signs are appearing as Maruti Suzuki reported a positive sales in this festive season.
The largest automaker company claims that the sales in the month of September were 18 to 20 percent higher compared to the month of July and August.
How Did This Happen?
Also they have informed that they have got a good number of inquiries and bookings citing the coming festivals.
During the festive season, the automobile industry see a considerable rise in the demand during the auspicious time of arrival of Ma Durga.
Apart from this, the company informed that they have passed on the cut on corporate tax to the end customer by reducing vehicle prices.
The company expects the same trend to be continued in the month of October as well.
They informed that the recently introduced eight BS-VI petrol vehicles are very popular in the mass market segments, which are – Baleno, Wagon R (1.2-L), Swift, Dzire, Ertiga, XL6, and the recently launched S-Presso.
Another exciting news is that the Auto Expo 2020 will be happening in less than four months and we have the list of carmakers who will be attending this biennial motor show which is the biggest show in its category in India.
Who Will Be Attending The Show?
The major name making its debut in Auto Expo 2020 will be the Great Wall Motors, a popular name from China.
They have introduced a long line of SUVs and pick-up trucks in the market and most probably displaying a variety of them at the Auto Expo 2020.
Who Is Not Attending?
The sad part is that a lot of manufacturers have decided no to participate in Auto Expo 2020 and regrettably that list is quite long.
The list includes automobile giants like BMW and Honda. Both of them had important launches at the 2018 event will be missing Auto Expo 2020.
Also, Ford and Fiat Chrysler Automobiles will also not be joining as they haven’t participated Auto Expo since 2016.
Hero MotoCorp, TVS Motors and Ashok Leyland have also decided not to participate in the show.
Moreover, Audi, Lexus, Volvo, and Jaguar Land Rover will also not participate in the Auto Expo 2020 which marks the only presence of Mercedes-Benz in the luxury car segment.
Toyota has declined and Nissan may be missing the show. Citroen who will be launching its first model in India in 2020 has also decided not to participate in Auto Expo 2020.
Why Are They Not Attending?
There are multiple reasons behind many car makers not appearing in Auto Expo 2020. The Indian vehicle industry is going through the worst showdown in its history is one of the reasons.
According to CNBC reports, automakers are citing the current slowdown, inventory levels and Bharat Stage Six (BS-VI) transition as a challenge and hence most of them decided to prioritize resources rather than undertaking high expenditures such as the Auto Expo.
The other major reason could be the cost of participation as it continues to be very high for the participation in this motor show.
While many Indian manufacturers would be more occupied in the process of realigning their product plans and focusing their resources on the transition to BS6 emission norms.