Auto firms fear impact of COVID-19 on sales
The Hindu
‘Cases, buyer sentiment hit order flow’
Leading automobile companies such as Maruti Suzuki India (MSI), Toyota Kirloskar Motor and Honda Cars said they feared a dent in sales as COVID-19 cases surged across the country. The country’s largest carmaker MSI said auto sales were correlated closely with economic growth and also — being a discretionary purchase — with consumer sentiment. “The COVID-19 situation... is obviously a negative for customer sentiment and thus has an... impact on sales,” MSI executive director (Sales and Marketing) Shashank Srivastava said..
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