 "car, auto, manufacturing, firms, automobile")
Car manufacturers and dealers will have to brace for fresh challenges from the second-hand market amid the coronavirus (Covid-19) outbreak.
The second-hand vehicle segment is expected to capture a larger share of the two wheeler and passenger car markets. This is because consumers are postponing their purchases owing to a dent in their pockets.
These are some key findings by PricewaterhouseCoopers (PwC), which made a presentation to members of the Society of Indian Automobile Manufacturers (SIAM) this week to discuss the impact of Covid-19 on the sector.
Now, automotive original equipment manufacturers will have to strengthen their pre-owned vehicles business.
