Mumbai | New Delhi: Carmakers in the country are set to shut, at least temporarily, production capacity for 500,000-700,000 units, or about 10% of the country’s installed capacity, due to changes in market dynamics and geopolitical relationships, industry experts said. Capacity utilisation in the industry has fallen to 35-40%, compelling manufacturers to either eliminate excess capacity or put it on freeze, as the Indian car market is likely to
The Link LonkDecember 24, 2020 at 01:40AM
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Carmakers crave a booster shot from government as production capacity set to fall 10-15% - Economic Times
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