In India, sales of new cars fell to zero

In India, sales of new cars fell to zero

May 4, 2020 0 By autotimesnews

If in the United States, against the backdrop of a pandemic, car sales decreased, then there is a country where in the last month not a single vehicle was sold at all.

According to the Society of Indian Automobile Manufacturers (SIAM), measures to prevent coronavirus have led to a 100% drop in sales compared to last year, when dealers sold 247 541 cars and 68 680 units of commercial vehicles. Thus, due to quarantine introduced on March 25, car production stopped, and with it car sales, as a result of which India closed last month with zero sales of new passenger cars.

According to SIAM, the Indian auto industry is losing $ 306 million daily. The largest losses are recorded in Mahindra & Mahindra, Maruti Suzuki, Hyundai, MG Motor and Toyota Kirloskar. At the same time, car sales in the country have already shown negative dynamics: in March, annual sales of Maruti Suzuki fell by 48%, and Mahindra – by 90%. Authorities extended quarantine until May 17, which could further aggravate the situation. Indian automakers have appealed to the Minister of the Interior with a request to open the automotive sector.