Auto industry fears hard lockdowns to contain the second wave will hamper recovery momentum
While the German luxury-car maker has witnessed a steady recovery in demand since the easing of the lockdown, total volume last year crashed 43% to 7,893 units. Overall sales in India’s luxury-car market fell 40% to 21,000 units in 2020.
Synopsis
While Nagpur in Maharashtra is currently the only city in the country which has gone under lockdown during this fresh surge in Covid-19 cases, automakers fear any additional lockdown which disrupts production or sales will result in a loss of momentum in the industry, which has been working at recouping volumes lost the last two years.
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