The Economic Times
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| 19 May, 2021, 11:40 PM IST | E-Paper
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    Carmakers bet on quick demand bounce back after second Covid-19 wave

    Their optimism is not unfounded. Last year, after the country slowly opened up after lockdowns, car sales started surging.

    Synopsis

    Senior executives at Maruti Suzuki, Hyundai Motor India, Tata Motors, Kia Motors and Mahindra & Mahindra have all echoed the same sentiment — that people would look for personal means of transport to reduce the risk of coronavirus infection and it would drive demand.

    India’s top five automakers are betting on a swift bounce bank in demand for cars and utility vehicles once the ongoing second wave of Covid-19 subsides. Senior executives at Maruti Suzuki, Hyundai Motor India, Tata Motors, Kia Motors and Mahindra & Mahindra have all echoed the same sentiment — that people would look for personal means of transport to reduce the risk of coronavirus infection and it would drive demand. Their optimism is not
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