Auto sector shows slow recovery, but long road ahead
India, June 20 -- 'Most buyers don't want to invest in a vehicle, given the fragile condition of the Indian economy'.
New Delhi: The automobile sector, one of the hardest hit sectors due to the Covid-19 pandemic, has shown marginal recovery in May, but industry experts say it is a long road ahead.
After a month of no sales for automobile companies like Maruti and Hyundai, May saw some units being sold though many of the buyers are not willing to currently invest in a vehicle, given the fragile condition of the Indian economy.
According to India's biggest car manufacturer Maruti Suzuki, the company was able to sell a little over 18,500 units in May when the lockdown across the country was partially lifted. Another auto giant Hyundai Mo...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.