Auto Sector's Domestic Sales Still At Historic Lows, Exports Down
Millennium Post Delhi|June 03, 2020
The pandemic has now put a major proportion of jobs dependent on the auto sector in jeopardy
Auto Sector's Domestic Sales Still At Historic Lows, Exports Down

NEW DELHI/MUMBAI: The sales of India's Covid-19-battered automobile companies in May remained at historic low levels, as factories came back to life and dealerships opened up, but customers stayed away.

The pandemic has not only devastated domestic retail sales but has now put a major proportion of jobs dependent on the sector in jeopardy.

However, the month saw gradual opening-up of factories and dealerships.

In May, automobile major Maruti Suzuki India posted total sales of 18,539 units which included 13,865 units in the domestic market and sales of 23 units to other OEMs.

The company resumed its manufacturing operations post lockdown strictly in accordance with the government regulations and guidelines, from May 12 at its Manesar facility and from May 18 at its Gurugram facility, the company said in a statement.

Production also resumed at Suzuki Motor Gujarat Pvt Ltd (SMG) from May 25. SMG manufactures cars on a contract basis for Maruti Suzuki.

As per the statement, the company exported 4,651 units following resumption of port operations at Mundra and Mumbai ports, ensuring that all guidelines for safety were followed.

Likewise, the company's showrooms opened in accordance with the Centre and state guidelines in a graded manner across different cities, the statement said.

The remaining showrooms would open in due course if they are not in containment zones or if not specifically restricted by any local guidelines.

This story is from the June 03, 2020 edition of Millennium Post Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the June 03, 2020 edition of Millennium Post Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM MILLENNIUM POST DELHIView All
Climate Change Will Cost Global Economy USD 38 Trillion Every Year By 2050: Study
Millennium Post Delhi

Climate Change Will Cost Global Economy USD 38 Trillion Every Year By 2050: Study

Countries near the equator, historically contributing less to emissions and with lower incomes, are expected to suffer the most economically; regions near poles may see benefits

time-read
2 mins  |
April 19, 2024
Humans Have Selective Amnesia On Significance Of Forests: SC
Millennium Post Delhi

Humans Have Selective Amnesia On Significance Of Forests: SC

The humans have "selective amnesia" about the significance of forests, the Supreme Court said on Thursday while advocating the need for a change in approach towards natural resources from anthropocentric to ecocentric.

time-read
1 min  |
April 19, 2024
Real Madrid adapt to Champions League needs: Shock and awe one week, armadillo defense next
Millennium Post Delhi

Real Madrid adapt to Champions League needs: Shock and awe one week, armadillo defense next

Madrid showed that its strength lies in its ability to do whatever is needed to get a win

time-read
2 mins  |
April 19, 2024
Focus on Vinesh Phogat as Indian wrestlers begin Olympic quota hunt
Millennium Post Delhi

Focus on Vinesh Phogat as Indian wrestlers begin Olympic quota hunt

The spotlight will be on two-time Olympian Vinesh Phogat as she along with 16 other Indian wrestlers begin their chase for Paris Games quota places at the Asia Olympic qualifiers beginning here on Friday.

time-read
1 min  |
April 19, 2024
Ashutosh's belligerent 61 in vain as MI pip PBKS by nine runs
Millennium Post Delhi

Ashutosh's belligerent 61 in vain as MI pip PBKS by nine runs

Ashutosh Sharma gave Mumbai Indians a mighty scare with a sensational 61 before the five-time champions scraped through with a nine-run win over Punjab Kings in the IPL here on Thursday.

time-read
2 mins  |
April 19, 2024
"Tesla advisor attends EV policy meet ahead of Musk's India visit'
Millennium Post Delhi

"Tesla advisor attends EV policy meet ahead of Musk's India visit'

Days ahead of tech billionaire Elon Musk's India visit, an advisor representing electric car maker Tesla attended a stakeholders' meeting on India's new Electric Vehicles policy on Thursday, sources said.

time-read
1 min  |
April 19, 2024
CDSCO issues distribution guidelines to ensure no substandard pharma products in market
Millennium Post Delhi

CDSCO issues distribution guidelines to ensure no substandard pharma products in market

The country's drug regulator has released draft guidelines on good distribution practices to curb the introduction of spurious, adulterated and sub-standard pharmaceutical products in the market.

time-read
1 min  |
April 19, 2024
Infosys profit jumps 30% to ₹7,969 crore in Q4 FY24
Millennium Post Delhi

Infosys profit jumps 30% to ₹7,969 crore in Q4 FY24

The company posted a profit of Rs 6,128 crore in the same period a year ago, according to a regulatory filing

time-read
2 mins  |
April 19, 2024
"There's plenty to worry about in global economy'
Millennium Post Delhi

"There's plenty to worry about in global economy'

IMF Managing Director Kristalina Georgieva warned that government debts are growing around the world

time-read
1 min  |
April 19, 2024
Israel bombs Gaza as Middle East tense after Iranian attack
Millennium Post Delhi

Israel bombs Gaza as Middle East tense after Iranian attack

Israel launched more deadly strikes on besieged Gaza on Thursday as world powers watched nervously whether the country would retaliate against a weekend attack by its arch-enemy Iran. AFP reported.

time-read
1 min  |
April 19, 2024