Coronavirus lockdown: Auto volumes hit slow gear, could witness 50% decline

Auto sales for March could see a 50 per cent year-on-year (YoY) decline in volumes, given the lockdown and decline in footfall during the second half of the month. While sales of passenger vehicles and two-wheelers were expected to fall 40-50 per cent, sales of commercial vehicles are expected to dip 70-90 per cent.
 

An auto analyst at a domestic brokerage said the sharp fall in volumes, especially in the medium and heavy commercial vehicles segment, came on the back of a significant number of cancellations in the last two weeks.
 

Given the uncertainty related to Covid-19 and the impact