Automakers initiate production ramp-up with easing of COVID restrictions in states
Zee News
As per SIAM data, overall vehicle production in May declined by 57 per cent to 8,06,755 units as compared with 18,75,698 units in April this year. Similarly, passenger vehicle production witnessed a drop of 58 per cent to 1,28,225 units from 3,05,952 units in April.
New Delhi: With the COVID-19 situation easing across various states, leading automobile companies in the country have initiated steps to ramp up production to "normal levels" to meet pent-up demand, clear backlog and reduce waiting periods on their products. Auto firms, which were forced to down shutters temporarily due to lockdowns and curfews, expect business activity to pick up going ahead with the opening of dealerships across states. "With the easing of the lockdown in various states, production is gradually ramping up and likely to stabilise to normal levels by the end of the month," Tata Motors Passenger Vehicle Business Unit President Shailesh Chandra told PTI.More Related News