Auto slowdown continues as Jan sales dip 6%, coronavirus to delay recovery

It remains to be seen if the ongoing Auto Expo - the extravaganza where automakers display their new products and technologies - will be able to reverse the trend

Sale of passenger cars, a key barometer of vehicles sales, continued to decline in November despite significant discounts by automakers. This indicates that the sector is yet to recover from the worst auto slowdown in India in more than a decade.

Domestic passenger vehicle sales fell 6.2 per cent year-on-year to 262,714 units in January from 280,091 in the same period last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).

On Monday, auto stocks witnessed a massive fall due to the widespread impact of a weak January sales and fear of the coronavirus effect on