Auto sale picks up in Feb but negative outlook for March over Coronavirus

Auto retail sales grew by 2.6 per cent with 17,11,711 units sold in February as compared to 16,68,268 units, a year ago. The sector is returning to green as dealers attribute the development to emphasis on liquidation of BS-IV stocks and rural sales going up. Meanwhile, the Coronavirus outbreak has led to a negative outlook for March. 

Dealers are facing a new challenge with the Coronavirus cases being detected in India and an alarming drop in customer walk-ins in auto showrooms. The overall uncertainty of the situation due to COVID-19 and the huge drops in the share markets has contributed