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India’s Coronavirus Lockdown Worsens Auto Sector’s Pain In March, Analysts Say
The auto sector is facing a double whammy—a prolonged auto slowdown in India and a country-wide lockdown in the wake of Covid-19.
31 Mar 2020, 05:40 PM IST
Auto wholesales in March are estimated to fall as buyers stayed away amid coronavirus outbreak and dealers waited to exhaust BS-IV inventory ahead of transmission to stricter emission standards, according to four brokerages.Factory-gate shipments of passenger cars, two-wheelers and commercial vehicles are likely to tumble in the range of 29-71 percent year-on-year in March, data compiled from the reports of four brokerages—Nomura, Em...
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