Maruti, Toyota, M&M remain bullish on long-term growth of used car business
SECTIONS
Last Updated: May 23, 2021, 11:07 AM IST
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Synopsis
The companies remain a bit circumspect regarding the near-term situation owing to the pandemic but expect the segment to grow on a long-term basis with personal mobility gaining acceptance amid the coronavirus pandemic.
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Home-grown auto major Mahindra & Mahindra (M&M) said it remained bullish on the growth prospects of its used car business.
Leading automakers
Maruti Suzuki India (MSI), Mahindra & Mahindra and Toyota Kirloskar Motor are bullish on the long-term growth prospects of their respective used car verticals even as the second wave of COVID-19 continues to pose severe challenges to the business activities across the country.
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