Covid-19 impact: 8-10% auto dealers face closure - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Covid-19 impact: 8-10% auto dealers face closure

There are currently about 15,000 auto dealerships (includes 2,3 and 4 wheelers) across India. It is expected that there will be closures of at least 8-10% of these dealerships in the next six months. A year back, around 275 plus dealerships were forced to shut shop citing unviability of the business when a slowdown choked sales.

from Industry-Economic Times
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