Many big companies will not participate in Auto Expo 2020 due to recession

Due to the slowdown in the auto industry for the last 11 months, many big auto maker companies have decided not to participate in the 2020 Auto Expo. CNBC report According to reports, auto makers attribute this to BS-VI, inventory labels and the recent slowdown.

According to reports, sources say that auto makers want to use the resource elsewhere instead of spending it on an event like Auto Expo. Of these, Hero MotoCorp, TVS Motors, Ashok Leyland, Honda Cars, Honda Motorcycles and Scooters, Toyota Kirloskar Motors and BMW have decided not to participate.

In a statement, Hero MotoCorp said, “The domestic two-wheeler industry is passing through a tough time as the demand for vehicles is still not high in the market. Despite this, not only Hero Moto Corp, but the entire industry is preparing itself to change according to the new emission norms, as the deadline of 1 April 2020 has been kept for this.

However, the organizers are still in talks with the auto makers and there is a possibility that they may take part in the event at last. However, sources said Tata Motors, Maruti Suzuki, Mahindra & Mahindra, Hyundai Motors, Kia Motors, MG Motors, Great Wall, Renault, Mercedes, Skoda, Volkswagen, Force Motors, JBM Auto, SMS Isuzu Limited, Suzuki Motorcycles will be participating in the event. taking part in.

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