Vehicle sales reached pre-Kovid level, passenger vehicles dealers started hiring

Auto dealerships typically generate a significant portion of the employment opportunities created by the auto sector.

Auto dealerships typically generate a significant portion of the employment opportunities created by the auto sector.

After recovery in retail sales, auto companies are asking dealers to keep more manpower.

New Delhi. Anticipating an improvement in passenger vehicle sales in the coming year, automobile dealers across the country have started hiring executives for their showrooms, service centers and stockyards after a gap of about two years.

More than 400 auto dealers shut down business in last 3 years
According to analysts at credit rating firms, the increase in sales again will significantly increase the profitability and credit profile of dealerships in the coming years. In the last three years, the economic slowdown and the tightening of credit norms of banks led to a double-digit decline in sales and more than 400 auto dealers had to close the business.

Also read- Former RBI Governor Raghuram Rajan warns, said- Bond market will be affected due to any major change in the monetary policy framework.Auto dealerships typically generate a significant portion of the employment opportunities created by the auto sector. The decision by auto dealers is in line with the strategies of automobile companies and their component manufacturers, which have increasingly hired people since September and are gradually increasing production of vehicles to meet retail demand.

25 percent employees have not returned to work yet

According to Vinesh Gulati, president of the Auto Dealers and Federation of Automobile Dealers Association, about 25 percent of the employees at the dealership have not yet returned to work, but more dealers have planned to hire some people or sell passenger vehicles. After growing, the recruitment process is started.

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Gulati said, “Hiring has started at the dealership of the top five passenger vehicles manufacturers as sales have improved and the forecast is also very positive.” After recovery in retail sales, companies are asking dealers to keep more manpower. ”



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