 "used car, second-hand cars, auto demand, automobile, cars, vehicles")
By the end of June, most auto firms expect to manufacture 85-90 per cent of what they produced in the months preceding the second wave.
After the unlock 1.0 that happened in May 2020, carmakers started ramping up production month-on-month from June 2020 and continued doing so till April 2021, the month the second wave hit.
The resurgence in confidence is based on the expectation of a gradual recovery that has come on back of a fall in the number of covid-19 cases along with latent demand.
The confidence is based on the expectation of a gradual recovery and latent demand.
“We will reach
