India’s automakers warn of up to 45% sales drop as economy slumps amid pandemic, Auto News, ET Auto

Nearly all automakers recorded zero domestic sales in April
Almost all automakers recorded zero domestic revenue in April

NEW DELHI – India’s automakers have warned that total vehicle revenue could fall as substantially as 45% in the existing fiscal year in a worst-situation circumstance as economic expansion slumps owing to the COVID-19 pandemic, and they are searching for government assist by the crisis.

The Culture of Indian Automobile Producers (SIAM), an marketplace trade overall body, informed government officials last 7 days that if India’s overall economy contracts by two% in the year beginning April 1, revenue of vehicles, vans and motorbikes could decrease by as substantially as 45% from

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