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Maruti, Toyota, M&M bullish on long-term growth prospects of used car market
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Maruti, Toyota, M&M bullish on long-term growth prospects of used car market
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Employees of Toyota Kirloskar Motor volunteer to support National Doctor helpline for COVID-19 patients
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As the second wave of COVID-19 continues to wreak havoc across the country, leading automobile companies have initiated various steps to safeguard their workforce from the highly infectious disease. With a spike in the number of cases, companies like Maruti Suzuki, MG Motor, Hero MotoCorp and Honda Motorcycle & Scooter India have already announced temporary suspension of production work at their respective manufacturing facilities to break the transmission chain. Others, who are still manufacturing, are taking multiple precautions like cutting down on the production by reducing the number of people in the factories as well undertaking various welfare schemes. The country s largest automobile company Tata Motors told PTI that the company remains vigilant about the evolving COVID situation and has scaled up efforts to enhance the well-being of its personnel and its business as well as supporting the ecosystem.
Major automobile manufacturers Maruti Suzuki, Hyundai Motor, Tata Motors and Kia on Saturday reported a decline in passenger vehicle sales in April compared to March this year as the second wave of the coronavirus pandemic hit dispatches. However, Mahindra & Mahindra along with Honda Cars India posted sequential growth in their passenger vehicle sales last month. Sales in April this year are not comparable with that of the corresponding month a year ago as companies had reported zero sales due to the nationwide lockdown imposed to curb the outbreak of the COVID-19 pandemic in the country. The country s largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent decline in total sales to 1,59,691 units in April as compared to 1,67,014 units in March this year.