Auto sector shows slow recovery, but long road ahead
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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...
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