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Auto sales may see more than 70% drop in Q1 FY21, Auto News, ET Auto

According to industry estimates, PV wholesale figures may shrink to 1.5 lakh units from 8.73 lakh units.
According to sector estimates, PV wholesale figures could shrink to one.5 lakh models from eight.73 lakh models.

MUMBAI: Indian automakers could report the worst desire drop in virtually a few many years in the a few months to June, with wholesale dispatches and retail income of passenger automobiles (cars and trucks and UVs) contracting greatly in the quarter that coincided with arguably the world’s strictest and most complete lockdown to protect against the coronavirus from spreading.

The sector could see an total drop of twenty five-45% in fiscal 2021 and Q1 could see a drop of more than 70 p.c,

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Nissan to slash Japan output by 70% in May, 43% in June, report says

TOKYO — Japan’s Nissan Motor Co. will slash its Japan automobile manufacturing ideas by 70 percentĀ in Could and 43 percentĀ in June, documents viewed by Reuters exhibit, as the affect of the coronavirus shakes the troubled automaker.

Manufacturers all around the globe are reeling from shopper desire shrunk by the spread of the coronavirus.

Nissan prior to the pandemic experienced presently been grappling with the turmoil that adopted the ousting of previous Chairman Carlos Ghosn.

This thirty day period Nissan explained that fifteen,000 employees at its headquarters in Yokohama and primary R&D middle in close by Atsugi, Kanagawa Prefecture,

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