Curbs put brakes on automobile rental enterprise, losses mount


Sukhmeet Bhasin
Tribune News Service
Bathinda, August 1

A majority of journey companies, primarily these coping with automobile leases, are bearing the brunt of the Covid-induced lockdown. The house owners are promoting their autos as they’re unable to pay EMIs.

Facing a risk to their livelihood, many automobile rental house owners have shifted to different works to earn bread and butter for his or her households.

Satish Kumar, who runs a automobile rental enterprise in Bathinda, mentioned there have been only some bookings previously two months as folks weren’t transferring out as a consequence of Covid. Moreover, there was no company motion as most officers had been working from house.

“Grand weddings are also not taking place. Earlier, around 10-12 vehicles used to go for a wedding, but now, not even one,” he added.

Anita Jaiswal, who runs a automobile rental enterprise in Ferozepur, mentioned the lockdown had hit her exhausting as she had bought a brand new automobile for the enterprise on mortgage, however now, she was unable to pay the EMIs and needed to promote the automobile to clear the mortgage. Moreover, her son, who used to work as a driver, had now taken up a meals supply job in town to earn some earnings on this disaster.

The automobile house owners demanded a monetary bundle as effectively different interventions like postponement of mortgage premiums of their autos and rebate in taxes to tide over the troublesome time.

Apart from this, even drivers working with these automobile rental firms are going through bother in managing the family expenditure.

The auto and taxi drivers, who earn their livelihood each day, have been hit exhausting as a result of lockdown. Numerous drivers and their households are in a precarious scenario, however neither the Centre nor the state authorities has provided any assist to them.



Be the first to comment on "Curbs put brakes on automobile rental enterprise, losses mount"

Leave a comment

Your email address will not be published.


*


%d bloggers like this: