India's auto sales volume will take 3-4 years to recover: industry body

FILE PHOTO: Cars are seen parked at Maruti Suzuki's plant at Manesar, in the northern state of Haryana, India, August 11, 2019. Picture taken August 11, 2019. REUTERS/Anushree Fadnavis/File Photo

The pandemic-related disruption to the supply chain comes at a time when India’s auto industry was already facing a slowdown in demand and government rules to adopt tougher emission standards forced carmakers to hike prices, driving customers away. The Society of Indian Automobile Manufacturers , an industry body, said domestic car and SUV sales slumped 50% in June from last year, while sales of two wheelers - widely seen as an indicator of the health of the rural economy - fell 39%.

“Production has been slow to pick up due to supply chain disruption and weak demand,” said Rajan Wadhera, president, SIAM.

3-4 years? What makes you so optimistic?

I am going purchase after lockdown but company will be Indian & made in India !! Then I feel a little contribution toward my country ! ! 🇮🇳🇮🇳

My god. Thats a long time.

Assuming there's anyone buying cars

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Trump ordered a cyberattack on Russian troll farm during 2018 midterms - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Fake news !! 😂🤪😂🤪😂🤪 Can't believe a word he says How about the Israeli bot farms
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »