Icra sees total automotive volumes in FY21 being pushed again by 10 years

2020/10 14 15:10

Ranking company expects GDP to say no by 11% in FY21; it will trickle down into decrease demand for the automotive business generally

Subjects
Car | automotive business | ICRA

A sequential restoration is underway throughout all segments of the automotive market, however this won’t negate the potential for a decline for the complete yr that ends on March 31, mentioned Icra in a webinar on Wednesday. The Indian automotive business is battling robust occasions resulting from a basic financial slowdown coupled with Covid-19 induced pandemic lockdowns.

T The autumn in demand can be being mirrored in capability utilisation which is prone to dip under 45 per cent in FY2021, from 50-55 per cent in FY2020 for PVs and 36 p.c for M&HCVs. The scores company expects the GDP to say no by 11 …




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First Printed: Wed, October 14 2020. 20:30 IST




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