Home / Companies / News / Market is opening up gradually, Q2 looks much better: TVS Motor Chairman

Market is opening up gradually, Q2 looks much better: TVS Motor Chairman

Venu Srinivasan expects the market to overcome the supply chain problem during the second quarter of the year

Premium

Sales drop will be one of the biggest in the Indian industry, be it automotive or engineering manufacturing industry, said Srinivasan.

T E Narasimhan Chennai

3 min read Last Updated : Jul 29 2020 | 1:22 PM IST

The second quarter looks much better, but we have to wait and see how the rest of the year will pan out amid coronavirus pandemic, said TVS Motor's Chairman & Managing Director Venu Srinivasan.

It will be very difficult to make an assessment about the coming year even beyond a quarter, he said while addressing company's stakeholders on Wednesday.

"GDP is expected to decelerate to around (-) 5 per cent for the year and the impact of Covid will continue for some time to come. The first wave followed by the second wave and all cities and districts are shutting

Topics : TVS Motor TVS Motor Company motorcycle sales

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in