February PV sales record 8% decline, industry expects troubled BS VI transition due to Coronavirus

All vehicle segments in India, barring passenger vehicles (PVs), registered a double-digit decline in sales last month, with no green shoots to be seen in the near-term and concerns rising on the sustainability of production  with impacted supplies of BS VI components from China.

The Society of Indian Automobile Manufacturers (SIAM) today announced the industry’s performance for the month of February. The numbers were released by e-mail. This comes as a precautionary measure to contain the spread of Coronavirus (Covid-19), which has been declared as a pandemic by the WHO.

Amidst all the concerns affecting public health, stock ...