Passenger vehicle sales take a deep dive in March as Covid-19 comes home

As March turned into April, FY2019-20 came to a close. Even as April marked the dawn of a new BS VI emission era, it also marked the end the end of a fiscal fraught with a number of challenges for the Indian automobile industry. The passenger vehicle (PV) segment has had to contend with a number of growth-impacting factors such as dampened consumer sentiment, poor liquidity in the system, the move to BS VI, the sharp shift to petrol-engined vehicles, the impact of shared mobility, keeping the BS VI-driven price increase to a minimum and more, recently, the all-India lockdown. ...