June 12 (ANI): A less severe economic impact from the pandemic’s second wave and resilient buyer sentiment will support a swift rebound in India’s automotive demand after curbs are eased.
Buyers are more optimistic due to improved visibility on a longer-term economic recovery and reversal of pay cuts as corporate spending normalises from 2020.
The drop in new infections in May limits the possibility of more stringent or prolonged lockdowns for now.