“Auto-expo” this word creates euphoria among the Delhites because of the grandeur of this Biennale. Auto Expo is Asia’s largest and world’s second largest motor show. Auto-expo 2018 is beginning from 8th Feb and will last till 11th Feb.
Till 2012, the expo was organized at Pragati Maidan, but since 2014 it is organized at India Expo Mart, Greater Noida. It is organized jointly by the Automotive Component Manufacturers Association (ACMA), Confederation of Indian Industry (CII) and Society of Indian Automobile Manufacturers (SIAM).
Apparently, the danger is looming on the glimmer of the auto-expo as more than half the dozen of the automakers (known as the big-fish of the automobile sector) might refrain from participating in auto expo 2018. The name of the firms who might skip auto-expo 2018 is as follows:-
Recent amendments such as the implementation of GST, variations in CESS, lower return on investments, elevated participation costs are speculated as the reason for the withdrawal of these firms from auto-expo.
Although, the repercussions of the endeavors of these firms on auto-expo is hard to determine currently because of new automakers such as SAIC Motor Corp. Ltd’s MG Motor unit, Peugeot SA and Kia Motors Co. are likely to engage in Auto-Expo 2018. With the advent of these companies, skipping on to any conclusion would be premature.