Lockdown extension apt but adverse impact on EV sector in next 1-2 months: SMEV

Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday said extension of the lockdown is the right move although there will be certainly an adverse impact on the operations of its members for the next 1-2 months.

File photo used for representational purpose only (Bloomberg)
File photo used for representational purpose only

Describing the situation as a testing time for the EV industry, SMEV Director General Sohinder Gill said it is also time for its members to conserve cash, take care of workmen and utilise this time to plan ahead.

Also Read : Coronavirus: Shake-out in electric two, three-wheeler segment expected

"Looking at the current situation in the country, the extension of the lockdown is the right move. Though there will be certainly an adverse impact on the operations for the next 1-2 months, I believe that we will be able to save lives of thousands and emerge as a healthier nation," Gill said in a statement.

He further said,"this is the testing time for the EV industry which is at nascent stage and I appeal to all the stakeholders to conserve cash, take care of our workmen and utilize this time to plan ahead."

Also Read : Study claims switching to EVs won't alone help India's environment. Here's why

Gill expressed confidence that "the industry will be able to spring back into action to recover the losses due to this shutdown".

Earlier in the morning, Prime Minister Narendra Modi anounced extension of the ongoing nationwide lockdown till May 3 with an aim to combat the Covid-19 pandemic.

First Published Date: 14 Apr 2020, 12:54 PM IST
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
5% OFF
Godrej aer O – Hanging Car Air Freshener | Car Accessories | Cool Aqua (7.5g)
Rs. 94 Rs. 99
70% OFF
VENO Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable (2 in 1 Vacuum Cleaner)
Rs. 899 Rs. 2,999
SHAYONAM Dent Removal Kit - Powerful Car Dent Repair Kit - Suction Cup Dent Puller Handle Lifter and Dent Repair Puller for Car Body Dent, Glass, Tiles and Mirror (Plastic)
Rs. 349
5% OFF
Godrej aer O – Hanging Car Air Freshener | Car Accessories | Musk After Smoke (7.5g)
Rs. 94 Rs. 99

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.