India's economy is in trouble due to Coronavirus. Auto sector is in the most difficult phase of its history. It's sales are declining, which has come completely to the ground due to the lockdown in the month of March.
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The car sales of the largest car company Maruti Suzuki has decreased by 47 percent, while the sale of commercial vehicles of Eicher has been reduced by 83 percent, Ashok Leyland has seen a decline of 90 percent in the sales of trucks and buses. The figures of other companies are yet to come, but it can be worse. Even if the lockdown ends by mid-April, sales of cars are unlikely to increase.
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The situation that has arisen in the current situation due to coronavirus has stalled not only the sales of the cars launched in the last few months but also the future of at least six cars to be launched during the next three-four months. But there are question marks also. The new Creta launched by Hyundai created a tremendous stir in the market and it had already got 14 thousand bookings before launching. Due to the lockdown, neither the dealers nor the customers are being supplied.
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