(Video) Rajya Sabha TV (RSTV) The Big Picture: Digitization of Automobile Sector
Topic: Digitization of Automobile Sector
Guest:
- Shashank Srivastava, (Executive Director (M&S), Maruti Suzuki India)
- Kaushik Madhavan, (Vice President, Mobility Practice at Frost & Sullivan, South Asia Region)
- Arun Malhotra, (Automobile Expert)
Topic Description:
The coronavirus pandemic and the subsequent lockdown put the brakes on the growth of the Indian automobile industry. India’s automobile industry, the fourth largest in the world by volume, seems headed for another year of significant declines. Sales of passenger vehicles have been particularly hard hit, and recorded zero growth in April this year while a month earlier in March it was down 52 percent. The pandemic has brought to the forefront an opportunity for rapid adoption of digitisation in the passenger vehicle segment, putting the focus on a contactless environment.
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Courtesy: RSTV