Mercedes Benz India expects a V-shaped recovery in business, but this is contingent on when the states lift restrictions, according to managing director and chief executive Martin Schwenk. “A lot of our customers, who are business people, did not have any visibility about recovery last year. However, some automakers have resumed production, though with single shifts, from mid-May, following a steady decline in covid cases. A strong recovery is expected once restrictions are lifted as demand for personal mobility has been reinforced after the second covid wave. “Our interactions with leading industry channel partners reflect optimism regarding a recovery once the lockdown is lifted.

Source: Mint June 06, 2021 18:56 UTC