AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

NEW DELHI: India’s biennial car show scheduled to be held in February has been postponed due to the COVID-19 pandemic and the looming threat of a third wave of infections, the Society of Indian Automobile Manufacturers (SIAM) said on Monday.

SIAM, which organises the two-day event, said the risk of spreading infections is extremely high as the show is visited by large crowds and maintaining social distancing would be difficult. It will decide on a new date later this year.

The auto industry body may host the show in late 2022 if things improve, sources with direct knowledge of the matter told Reuters, adding that the pandemic has had a financial impact on automakers.

The surge in cases of the highly transmissible Delta variant, which battered India in April and May, is rattling parts of Asia that were previously relatively successful in containing the pandemic.

In a worrying trend of rising infections, India on Friday reported the highest number of new COVID-19 cases in three weeks.

The car show in India is a platform for domestic carmakers like Maruti Suzuki and Tata Motors as well as global companies such as Hyundai Motor Co and Daimler to showcase new models and technologies.

Companies have to spend a lot of money on the display and with the uncertainty of a third wave it was thought best to postpone the event, one of the sources said.

Lockdowns and supply chain disruptions globally, including a shortage of semiconductors, have hurt car sales in India where sales had been hit in 2019 due to an economic slowdown.

In recent years, auto shows globally have lost their sheen with large carmakers remaining absent.

Comments

Comments are closed.