The After Effects Of The Coronavirus Lockdown On Car Sales In India On March 2020

The start of April finally sees the 2019-20 automotive season that occurred from April 2019 to March 2020 come to a close. However due to the coronavirus causing. But how much has it really hit the carmakers? Here's a closer look at the final round report from March 2020.

Company	Units Sold (March 2020)	Units Sold (March 2019)	Difference (%)
Maruti Suzuki	76,240	1,45,031	- 47%
Hyundai	26,300	44,350	-41%
Kia	8,853
Toyota	7,023	12,818	-45%
Tata Motors	5,676	17,810	-68%
Honda	3,697	17,202	-79%
Ford	3,510	8,271	-58%
Mahindra	3,383	27,637	-88%
Renault	3,269	7,127	-54%
MG	1,518
Nissan	826	2,902	-72%
Skoda	451	1,401	-68%
FCA	163	1,521	-89andamp;
Volkswagen	131	2,751	-95%

The Winners

During the final March 2020 round, the sales standings indicate a major drop in points scored in the auto industry compared to 12 months ago, with falls ranging from 50 per cent and above mostly due to the lockdown. However, there were some positives when it comes to market share. The biggest winners out of this were.

The Losers

As there are those who weren't affected heavily, there were some who were hit the hardest with the average drops ranging from 60 per cent and above. The biggest losers to come out of this month were and Tigor.

The Reasons

While the final round's abysmal points accumulation can be given a bit of slack due to the lockdown, there are other factors as well that have contributed to this. It started off with carmakers having to convert their entire model lineup to BS6 compliance ahead of the initial deadline of March 31 (now postponed to April 24). Other reasons include the rise of ride share alternatives, stricter lending guidelines, as well as India's rushed EV plan.

Expect the new season to also face a similar scenario of low sales for at least a couple of weeks post the lockdown being lifted, which is tentatively April 14, 2020. Taking this timeframe into account, it could take until the end of May or even June until we start going back to normal figures, especially with launches like the Petrol.

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