Demand starts revving up for sputtering auto industry
Maruti Suzuki has seen hatchbacks and small cars account for 65% of overall sales in past 45 days.
Maruti Suzuki, Hyundai see bookings of 200,000 units over a month, indicating a swift pick-up.
Mumbai: Wheels are moving again for India’s auto industry — the top three car makers are seeing bookings and enquiries rise to 85% of pre-Covid levels. The industry is saying this reflects pent-up demand.Maruti Suzuki, Hyundai and Mahindra & Mahindra — which account for 75% of the overall market — have witnessed bookings of roughly 200,000 units over a month-and-half, indicating a swift pick-up. Typically, 85-90% of bookings translate into