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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Auto stocks touch lowest since Feb 2014, braces for a dud Q1 FY’21, Auto News, ET Auto

New Delhi: The panic that began in the world markets due to mounting fears about quick-spreading coronavirus built its way by means of the Indian car current market. The sudden downdraft in car shares simply included to the problems of buyers who are presently rattling about the point out of the country’s financial system.

The financial market at present is struggling to quantify the impact of spreading coronavirus. Auto stocks are no different.
The money current market at existing is battling to quantify the effects of spreading coronavirus. Car shares are no distinctive.

The Nifty Car index crashed far more than 5 p.c on Monday and shut at 5843.70, touching the most affordable rating since February 2014. The Nifty

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