Expansion of correct movement blocking, adverse impact in the electric vehicle sector in the next 1-2 months: SMEV
NEW DELHI: () said Tuesday it is the right move, though there will certainly be an adverse impact on its members' operations over the next 1-2 months.
Describing the situation as a testing time for EV, the SMEV CEO said it is also time for its members to save cash, care for workers, and take advantage of this time to plan ahead.
Looking at the current situation in the country, the extension of the blockade is the correct move. While there will certainly be an adverse impact on operations over the next 1-2 months, I believe we will be able to save thousands' lives and emerge as a healthier nation, Gill said in a statement.
Also, he said, this is the testing time for the electric vehicle industry that is in its infancy and I call on all stakeholders to conserve cash, take care of our workers, and take advantage of this time to plan ahead.
Gill expressed confidence that the industry will be able to return to action to recoup losses due to this closure.
Early morning Prime Minister Narendra Modi announced the extension of the ongoing national blockade until May 3 in order to combat the Covid-19 pandemic.