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Measures to revive auto sector yet to make impact on ground level
The recent measures announced by the government to help auto industry overcome the ongoing slowdown is yet to take effect at ground level and uncertainty over GST reduction is making customers postpone purchases, automobile dealers body FADA said on Tuesday.
New Delhi :The recent measures announced by the government to help auto industry overcome the ongoing slowdown is yet to take effect at ground level and uncertainty over GST reduction is making customers postpone purchases, automobile dealers body FADA said on Tuesday.
The Federation of Automobile Dealers Association (FADA) however said it was cautiously optimistic about retail sales to be either flat or marginally positive during this festive season compared to last year when there was degrowth.
"On the ground situation, I can't say right now if I have seen much change from what we last reported. Inquiries are still there but postponement continues as of now," FADA President Ashish Harsharaj Kale said here in a media interaction.
He was responding to query on whether the measures announced by Finance Minister Nirmala Sitharaman to help the auto industry has had any tangible effect. It is too early to comment.
Whatever measures were announced were very recent and for them to actually reflect on the ground and in turn reflect into numbers will take time, he added.
"Towards September-end we will actually come to know whether measures announced by the government have really helped us grow volumes. Currently, postponement continues," Kale said.
