India automaker Maruti made 'no sales' since virus lockdown, but chairman believes crisis will pass
"So, no sales have been taking place now for the last about two weeks. Whatever demand there was remains dormant. I'm not sure how quickly it'll come back once the lockdown is lifted," he added.this year. That marked a 47.9% decline from the same period in 2019, when it had sold 147,613 vehicles. The filing noted that Maruti suspended its operations in line with the national policy from March 22, two days before the lockdown began.
No, I don't think we'll be cutting down staff. I don't have any serious concerns about our ability to get back to working normally. I don't have any worries about the future because I think like many crises in the past, this crisis will also pass.Automakers in India have struggled in recent quarters due to economic slowdown and falling consumer demand. Suspension of operations due to the lockdown is expected to further exacerbate the situation the industry is facing.
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