The Auto Expo 2020 India will be held between February 7 and February 12, 2020.
At the same time, champions like Toyota, Ford, Fiat, Lexus, and Honda are planning to give it a miss.
The Auto Expo 2020 is a keenly awaited event. The dates for the Expo have been announced, but there is a dampener to the entire show. Major car manufacturers like Toyota, Lexus, Ford, Honda, Jeep, and Fiat will not be participating in the Expo.
Reputed two-wheeler manufacturers like Royal Enfield, TVS, and Bajaj have also announced their decision to opt-out of the show.
The reason for opting out of the bigwigs in the industry is the downturn in the Indian auto industry. Honda Motorcycles and Scooters India is still undecided on the issue.
However, there is news to cheer, as well with the top brands like Maruti Suzuki, Hyundai, Mahindra, and Tata Motors confirming that they will present and be showing off some of the latest concept cars and electric vehicles.
International brands like Volkswagen, Skoda, Mercedes-Benz, Renault, MG Motors, and Kia Motors will grace the show with their latest offerings. Citroen and Great Wall Motors from China have also confirmed their participation.
Skoda and Volkswagen will be introducing the MQB A0 IN platform-based cars as part of their India 2.0 Project. MG Motors could introduce ZS EV. Industry experts believe that Kia Motors will have something to offer, as well.
The high cost of participation in the Auto Expo is one of the significant reasons for opting out of the bigwigs. The participation cost is in the region of Rs 30 crores that includes the cost of setting up the stage, inviting support from overseas and within India, and expenses on logistics.
The costs are high with a low scope of fetching immediate returns. Maybe, that is a discouraging feature prompting the top players to boycott the Auto Expo.