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.