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From Bajaj Auto To Maruti Suzuki, Record Exports Cushion Covid Hit
As the second Covid wave and rising fuel prices depressed domestic demand, record exports cushioned Indian automakers in Q1.
16 Aug 2021, 12:51 PM IST
As the second Covid wave and rising fuel prices depressed domestic demand, record exports cushioned Indian automakers in the first quarter.Passenger vehicle and two-wheeler volumes tumbled 30% and 45%, respectively, over the prior quarter in the three months ended June, according to data by the Society of Indian Automobile Manufacturers. Exports for the two segments, however, rose 12.5% and 3%, respectively, during the period.“Export...
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