Carmakers hit a wall in May — lock, stock and barrel
A spate of lockdowns at manufacturing plants and across key vehicle-buying regions in India means car sales came a cropper in May 2021.
02 Jun 2021
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Maruti Suzuki India, Hyundai Motor India, Tata Motors, Kia India and Mahindra & Mahindra — which accounted for 85 percent share of the passenger vehicle (PV) market in FY 21 — collectively sold 92,138 units in May 2021. Across the board, sales were down 64 percent month-on-month.
Lock
From Maharashtra to Haryana and Karnataka to Tamil Nadu, key automotive hubs in India remained closed for a large part of May with Covid on the rampage in its second and deadlier avatar.
Carmakers were forced to halt production and curtail the spread of infection within factories. They had to ...
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