2020 Auto News Wheels

Auto sales data for May shows gradual pickup in demand

Auto firms resumed operations in April end, utilizing barely up to 20% of installed capacities.

India’s automobile industry showed initial signs of limping back to normalcy, with some of the major automakers notching up modest sales in May as they reopened factories on a limited scale.

Though the sales performance was a fraction of what the companies reported in the same month last year, they are a step ahead from the near negligible sales seen in April.

Several leading automakers resumed operations in end-April, utilizing barely 20% of their installed capacities due to issues such as constraints in supply of parts and enhanced safety measures as well as a drastic fall in demand with the coronavirus crisis denting consumer sentiment.

Read full news on livemint.com

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