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Demand starts revving up for sputtering auto industry

Demand starts revving up for sputtering auto industry
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.

Synopsis

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
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