The industry is engaged in a dialogue with the Government of India on policy measures which could minimise the impact of COVID-19 on the Indian economy and especially the domestic automobile industry.
Passenger vehicle sales in India declined by 51 per cent in March, hit by the 21-day nationwide lockdown due to the coronavirus pandemic.
As per the data released by Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales last month dropped to 143,014 units as compared with 291,861 units in March 2019, a decline of 51 per cent.
Similarly, commercial vehicles sales last month saw a massive dip of 88.95 per cent at 13,027 units as against 109,022 units in March 2019.
Two-wheeler sales saw a decline of 39.83 per cent at 866,849 units in March compared to 14,40,593 units in March 2019.
Total sales across categories declined by 44.95 per cent last month to 1,050,367 units as