Car makers on road to pre-Covid profit as festival season sales soar

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Business Standard

Maruti is operating at 95 per cent of its prodcution capacity

Topics

Passenger Vehicles | PV market | festive season

Cars are seen parked in a dock at the Chennai Port Trust | Photo: PTI

The festival season, which started on Monday with Navratri and ends with Diwali on October 24, is expected to bring cheer for passenger-vehicle (PV) makers in more ways than one. Not only is it expected to be a record in terms of volumes, it will also see a swift recovery in the profitability of PV makers and take it closer to pre-Covid levels as the overall sales mix gets a boost from higher sales of top-end trims and a softening of commodity prices.