Car industry wraps up tough 2020 on a high – Times of India
NEW DELHI: The car industry wrapped up one of its toughest year to date, closing 2020 with positive numbers in December, indicating that consumers have been buying cars despite the pressures on economy and jobs due to coronavirus vagaries. Car companies were the worst hit when the coronavirus spread started surfacing around the middle of March 2020. Just like other industries, sales here too slipped to zero in April, and remained tough to come by in the subsequent months. However, as personal mobility started gaining traction due to social distancing and fears around corona spread, the buyers started coming back, leading to a growth in numbers towards the end of the year when the festive season kicked in. The industry is still not clear on whether the growth is sustainable, and has been...