Auto industry experts from MG Motor, OLX, Eplane & AdvantEdge unequivocally opined that the pandemic has been a watershed moment for the Indian automotive industry and in particular the second wave will lead to a delay in consumer demand for cars and mobility solutions thereby leading to a pent up demand for the same in the coming months.
Experts felt that the industry is well prepared for the 2nd wave and technology such as hybrid dealerships, integrated online consumer experiences, new forms of personal consumer mobility options and artificial intelligence will be a must for the industry to safeguard itself from any further impact of the pandemic in the coming months.
AdvtangeFund noticed that adoption of low ticket mobility solutions such as buses or transport options for last mile connectivity saw an almost 2x rise post the lockdown by a majority of the population.