Virus outbreak drives down automobile sales in March2 min read 01 Apr 2020, 07:44 PM IST
FY20 also saw automakers battle challenges such as liquidity crunch and low consumer sentiment
Passenger vehicle sales in India plunged 52% in March
MUMBAI : Passenger vehicle sales in India plunged 52% in March from a year earlier as government restrictions to limit the spread of covid-19 forced dealers to shut showrooms. With the three-week lockdown to be lifted only on 15 April and weak consumer sentiment, this month may prove to be even more disastrous for automakers.
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