Coronavirus outbreak: Passenger vehicle sales plunge 51% in March

Two-wheeler sales saw a decline of nearly 40%, says Siam

Passenger vehicle sales in India declined by a whopping 51 per cent in March as the 21-day lockdown forced people to stay indoors.
 

“The automobile industry witnessed one of its sharpest declines in domestic sales in March 2020 due to the subdued demand and weak consumer sentiment. This was further aggravated by the Covid-19 outbreak in the country,” said Rajesh Menon, director general at the Society of Indian Automobile Manufacturers (Siam).
 

According to the data released by Siam, passenger vehicle sales in March 2020 dropped to 143,014 units, from 291,861 units in March 2019 — a decline of 51 per