Impact of lockdown on the sale of vehicles, figures may worsen in April


The second wave of Corona infection has caused trouble for the automobile industry. Due to the lockdown and restrictions being imposed in the states, dealers and distributors have had to slow down their operations. Showrooms are not opening. Hence, there may be a sharp drop in vehicle sales figures in April. However, if the situation becomes normal for the industry analysts, there will be a strong increase in sales. People would prefer private vehicles over traveling in public transport. The auto industry will benefit from this. & Nbsp;

Sales may fall by double digits

But due to the lockdown and restrictions at present, the sales figures of the vehicle may fall by a double digit. This fall will be seen in both passenger and commercial vehicles. Apart from this, both urban and rural markets will be affected by this decline. Experts say that unlike last year, sales of rural sector can be seen in this year. On a month-on-month basis in April, the sales of retail and urban sectors can see a decline of 15-20 per cent in all segments. Experts say that there may be some increase in the sales of car and tractor in April, while the sales of two-wheeler and commercial vehicles are expected to fall by 10 to 20 per cent.

Hero Motors and Honda announced to stop production & nbsp;

Due to the lockdown, many auto companies had decided to discontinue their production. Hero Moto-Corp, the country’s largest two-wheeler company, has decided to stop production at all its plants from April 22 to May 1. & nbsp; The company will complete the required maintenance work at the manufacturing plants during the production shutdown. After Hero Moto-Corp, Honda announced a similar decision. & nbsp; Some other auto company can take similar decisions. & nbsp;

Google gives tremendous benefit from work from home, saved 7400 crore rupees in one year & nbsp;

IndusInd Bank’s 190% jump in profits, reached Rs 876 crore & nbsp; in fourth quarter

.

Leave a Reply

Your email address will not be published. Required fields are marked *