Auto Expo 2020 to witness 60 launches; Jio, FB to attend
NEW DELHI: To re-attract consumers, the decelerated automobile sector has aligned 60 launches, new technology offers from world brands that debuted at the biennial Auto Expo 2020 .
In addition to car manufacturers, Reliance Jio and social media giant Facebook It will also be part of the 15th edition of the exhibition, organized jointly by ACMA, IIC and SIAM from February 7 to 12 for the general public, at the India Expo Mart in Greater Noida.
Auto Expo 2020 is expected to be the biggest driver of consumer sentiment, Rajesh Menon, General Director of the Society of Indian Automobile Manufacturers (SIAM), told IANS.
The original equipment manufacturers of passenger vehicles, which represent 85 percent of the market share, and the OEMs of commercial vehicles, which represent 75 percent of the market share, participate in this exhibition, Menon said.
Sixty releases of passenger cars, commercial vehicles and two-wheelers are expected to show the future of mobility in the country.
Many of these launches are expected to be face lifts of existing models with engines that comply with BSVI as the country changes to BSVI since April 2020.
Healthy participation and launches become important, since the sector has been affected by the drop in sales due to high taxes on goods and services (GST), agricultural problems, stagnant wages and liquidity restrictions.
While some companies had to reduce production, distributors took inventory correction measures.
In terms of participation, brands such as Volkswagen, Skoda, Force motors He will make a return to the auto show, FAW Haima, Great Wall, MG Motors and others will make their debut.
Lately, telecom operators have entered the segment to provide connectivity to internet-enabled cars and Jio will be showcasing embedded SIM technology for the automobile sector.
Facebook will host a town hall discussion and will also be hosting other events.
The 2020 Expo will also feature more than 15 startups, which will show technological solutions focused on ecological mobility and services related to the automobile industry.
Manufacturers of lithium-ion batteries and chargers, along with tire companies, will also show their presence in the car show.