Top headlines: Maruti Suzuki car sales drop; PSBs merger now effective

From a 47 per cent drop in car sales for Maruti Suzuki in March to China banning big crowd events over the fear of new coronavirus wave, here are top headlines of the day

Maruti Suzuki car sales drop 47% in March; ends FY20 with 16% decline

Maruti Suzuki India Ltd (MSIL), the country's largest passenger car manufacturer, on Wednesday reported 47 per cent year-on-year fall in its total sales during March to 83,792 units, as automakers in the country were forced to suspend operations amid a nationwide lockdown aimed to contain the spread of the coronavirus pandemic. With this, the company ended FY 2019-20 with total sales of 1.563 million units, down 16.1 per cent from 1.862 million in the previous fiscal.The sales during March 2020 are not comparable with sales in March