Automakers expect demand to pick up in festive season despite Covid-19

If Covid-19 situation improves, it would lead to improved sales and if somehow the scenario deteriorates then the sales would also be impacted, Srivastava noted

Leading automakers Maruti Suzuki India (MSI), Honda and Tata Motors expect sales to pick up during the festive season, although there is uncertainty about their performance this year on account of Covid-19 pandemic.

The country's largest carmaker MSI has seen sales improve month-on-month from May till July, and expects offtake to remain robust during August as well.

The auto major, however, feels that the festive season demand would depend on the Covid-19 situation.

"We are relieved that sales bounce back has happened but we will have to wait and watch because a lot of this demand will be pent-up demand