has hit us now dealers have resorted to cutting manpowerterming manpower as the most precious resource of dealers kale saidthat is the last thing we try to cut down when the slowdown started we first decided that we should go for stock reduction most of oems have supported us while cutting other variable expenses that we can we did not touch manpower till march and almost midaprilruing the loss of jobs he said it is the last resort because it is difficult to get those manpower we invest a lot on training them because it is a peculiar industry whether it is a technical or a field jobas per society of indian automobile manufacturers siam figures vehicle wholesale across all categories declined by 1235 per cent to 6085406 units in apriljune against 6942742 units in same period of last yearon the other hand as per data based on registrations collated by fada automobile retail sales in the apriljune period declined by 6 per cent to 5116718 units in the first quarter of this fiscal as against 5442317 units in the yearago periodpassenger vehicles pv segment has been the worst hit with sales continuing to decline for almost a year now in july market leader maruti suzuki reported a 363 per cent drop in its domestic pv wholesales while hyundai saw a dip of 10 per centmm sales were down 16 per cent tata motors pv sales fell 31 per cent while that of honda cars india ltd hcil also came down 4867 per cent during the monthseeking immediate government intervention kale said we are hoping from whatever we are hear that the government has taken note of the serious situation that is going on in the overall economy specifically with the auto sector we are hoping for some support for the auto sector in the next few days or week or two he said the auto industry has already put out a request for gst cutit is not a permanent demand we know gst is such a huge developmental agenda for the government but at the same time it is needed for reviving the auto industry we auto industry are almost 8 per cent of the gdp and 49 per cent of manufacturing gdp kale saidhe said while the revival of monsoon holds out hope resolution of liquidity crisis specially with the nbfcs will go along way in helping the auto industry recover from one of the worst sales slumps in its historyto know more about dealership management join us at et auto retail forum 2019 pti published on aug 4 2019 at 1154 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join