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Second wave hit the market just when it had begun to recover from its worst-ever slowdown Published:  June 06, 2021 13:05 Bloomberg Mahindra s XUV 300 crossover. India s Mahindra will invest 30 billion rupees ($410 million) in EVs in the near term and launch six models in the next few year. Image Credit: Supplied Mahindra & Mahindra Ltd. says India car sales will take almost another year to return to pre-pandemic levels after a resurgent outbreak shuttered auto plants and showrooms. The rebound may happen faster as India is starting to see a huge flurry of activities over the last week as infections decline and lockdowns ease, Mahindra Group Chief Executive Officer Anish Shah said in a Bloomberg Television interview Thursday. But we have to wait and see whether that really takes off. If we go back to 2019 levels I think that would likely be starting around April next year.

Tamil naduAnish shahSociety of indian automobile manufacturersMaruti suzuki india ltdHero motocorp ltdMahindra ltdMahindra groupBloomberg televisionImage creditIndian automobileதமிழ் நாடுஆநிஶ் ஷாசமூகம் ஆஃப் இந்தியன் ஆட்டோமொபைல் உற்பத்தியாளர்கள்மாருதி ஸஸூகீ இந்தியா லிமிடெட்ஹீரோ மோட்டோகார்ப் லிமிடெட்மஹிந்திரா லிமிடெட்