The coronavirus pandemic’s hurting the industry real bad.
The new coronavirus pandemic has been a menace to the world ever since the disease started to spread early this year. As of date, there are 3.34-million tallied cars worldwide, resulting in around 240,000 casualties.
With strict lockdowns and preventive measures in place, mobility is absent and businesses have been hampered. One of the biggest industries that are getting pummeled is the automotive industry, of course. With a drastic drop in demand, as well as the complete closure of dealerships, auto sales have been taking a hard hit. That’s the exact case that has been happening in India.
India’s Business Today reported that the country sold zero passenger cars for the month of April. Yes, that isn’t a typo – India’s $120 billion automotive industry registered zero sales last month amid lockdowns and astringent measures to curb the spread of coronavirus,