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Two-wheeler demand likely to bounce back next quarter, says Piaggio MD


Two-wheeler demand likely to bounce back next quarter, says Piaggio MD
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“If markets progressively open from June, we expect demand will pick up and we will be able to realise the set annual volumes,” Diego Graffi, managing director at Piaggio Vehicles, told ET. The company, which recorded good traction for its two-wheelers in the quarter ended March, is targeting sales of 100,000 units in the local market in 2021.
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The company, which recorded good traction for its two-wheelers in the quarter ended March, is targeting sales of 100,000 units in the local market in 2021.
Piaggio Vehicles, maker of Aprilia and Vespa scooters, expects demand for two-wheelers to recover after the current quarter once localised lockdowns imposed by state governments to check the spread of Covid-19 are eased. ....

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Domestic steel output to take hit as plants divert oxygen for medical use


While the domestic steel demand is expected to take some hit due to the ongoing second Covid-19 wave, production of the commodity is also expected to align itself to the consumption pattern as players divert oxygen from its plants to meet the urgent medical requirement of various states.
“Steel production is bound get impacted since the oxygen used in the making of steel is getting diverted for medical usage but life cannot have less priority with rest to production,” said a source with AM/NS India on condition of anonymity.
AM/NS India is supplying about 200 tonne of oxygen daily for medical usage for covid patients. ....

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From Hyundai's Creta to Kia's Seltos, SUVs drive auto recovery in February


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