Motor Industry Needs Support to Avoid being a Covid-19 Casualty

The immediate priority is to allow local motor firms to restart the manufacture of export vehicles as soon as possible

Without a return to work, industry bodies have warned in recent days of the potential wholesale collapse of small and medium companies, mainly in the components supply industry. The lockdown is starving them of income and cashflow.

Renai Moothilal, director of the National Association of Automotive Component and Allied Manufacturers, says: “Smaller companies’ ability to withstand such financial shocks are obviously not the same as bigger companies.” Read full article: Business Day