Covid curbs 'brake' auto sales in April - The Hindu BusinessLine
Covid curbs ‘brake’ auto sales in April May 01, 2021 Barring Mahindra & Mahindra and Honda Cars India, most passenger vehicle manufacturers, including Maruti Suzuki, Hyundai Motor, and Tata Motors, reported a decline in their factorygate sales numbers (dispatches to dealers) in April on a sequential basis (versus March) because of restrictions and local lockdowns in most States. The second wave of Covid infections has put the brakes on the auto sector’s recovery. Year-on-year numbers are not comparable as thre was no sales in April 2020 due to the lockdown across the country. More Pa...
Source: thehindubusinessline.com