The automobile industry has a significant contribution to the country's economy. This sector directly employs 10 lakh people. Due to the coronavirus epidemic, the automobile industry was already in bad shape. Passenger vehicle sales in the country have seen a decline of 51 percent in March 2020.

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Due to the Covid-19, due to the lockdown, the sale of all kinds of vehicles has stopped. If PM Narendra Modi in his speech today announces the lockdown for the whole of April, it will be even worse news for the automobile sector. There is a danger of the sale speed approaching zero.

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On Monday, the Organization of Automobile Companies, SIAM has released the figures for March 2020 and 2019-20. It says that sales of passenger vehicles have come down by 51 percent to 1,43,014 units. Sales of passenger vehicles have come down by 89 percent to 1,09,022. Sales of two-wheelers have seen a drop of nearly 40 percent. SIAM President Rajan Vadhera says a 21-day lockdown was announced in March, the entire industry has not seen a challenging time.

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