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Maruti Suzuki, Toyota, Honda fear fall in sales amid rising COVID-19 cases in India

Maruti Suzuki, Toyota, Honda fear fall in sales amid rising COVID-19 cases in India India s total tally of COVID-19 cases crossed the 1.50 crore mark on Monday with a record single-day rise of 2,73,810 new coronavirus infections, while the active cases surpassed the 19-lakh mark PTI | April 19, 2021 | Updated 13:39 IST Leading automobile companies like Maruti Suzuki India (MSI), Toyota Kirloskar Motor and Honda Cars fear dent in sales as COVID-19 cases surged across the country. The country s largest carmaker MSI stated that the auto sales were correlated closely with economic growth and also (being a discretionary purchase) with the consumer sentiment. The COVID-19 situation deterioration is obviously a negative for customer sentiment and thus has a negative impact on sales, MSI Executive Director (Sales and Marketing) Shashank Srivastava told PTI when asked about the impact of second wave of the pandemic on the company s sales.

Auto firms fear impact of COVID-19 on sales

Automakers fear dent in sales as COVID-19 cases surge in India

Automakers fear dent in sales as COVID-19 cases surge in India SECTIONS Last Updated: Apr 19, 2021, 01:13 PM IST Share Synopsis The COVID-19 situation deterioration is obviously a negative for customer sentiment and thus has a negative impact on sales, MSI Executive Director (Sales and Marketing) Shashank Srivastava told when asked about the impact of second wave of the pandemic on the company s sales. Leading automobile companies like Maruti Suzuki India (MSI), Toyota Kirloskar Motor and Honda Cars fear dent in sales as COVID-19 cases surged across the country. The country s largest carmaker MSI stated that the auto sales were correlated closely with economic growth and also (being a discretionary purchase) with the consumer sentiment.

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