Auto retail sales grew by 2.6 per cent with 17,11,711 units sold in February as compared to 16,68,268 units, a year ago. The sector is returning to green as dealers attribute the development to emphasis on liquidation of BS-IV stocks and rural sales going up. Meanwhile, the Coronavirus outbreak has led to a negative outlook for March.
Dealers are facing a new challenge with the Coronavirus cases being detected in India and an alarming drop in customer walk-ins in auto showrooms. The overall uncertainty of the situation due to COVID-19 and the huge drops in the share markets has contributed