25
Jun
12:58
Indian automotive output seen rebounding in June
Major Indian carmakers advanced maintenance shutdowns to May, suspending output for 10-14 days, amid lockdowns and weaker sentiment, but production plants are gradually reopening in June, which should see on-month output growth, says India Ratings & Research (Ind-Ra).
Indian automotive output excluding commercial vehicles dropped 57% on-month in May. Three-wheeler production was 73% of April levels, as the steep decline in domestic demand was partly offset by&…
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