Praful Shende, chief sales & marketing officer, BFW, says, “We have been seeing an uptick in sales since June. Though slow, it is better than April and May. I think this could be attributed to the resuming of operations in the automotive segment, especially in two-wheelers and tractors. In fact, we are quite close to pre-covid levels and that is a good sign.”
Besides automotive, times have shown the importance of investments in the healthcare infrastructure to meet contingencies, backed by the ability of the economy to sustain growth through other prominent sectors. Vijay Pratap Singh, head, motion control, digital industries, Siemens, says, “Everything related to medical care is growing for obvious reasons and medical equipment segment is no exception. Automotive also seems to be growing. The inventories at automotive dealerships had risen during the early days of the pandemic. However, in anticipation of the festive season, they believe it is the right time for them to start maintaining good stocks.”
This story is from the November 2020 edition of Manufacturing Today.
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This story is from the November 2020 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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