It's a double whammy for the auto sector in India. While market sentiments were already running low following economy contraction in last couple of financial quarters, the pandemic forced the companies to shut showroom doors, leading to no sales at all.
India's largest car maker Maruti Suzuki India (MSI) sales record for the month of April in the domestic market, has remained zero. In a statement, the company said it did not sell a single unit in the domestic market last month due to coronavirus-led nationwide lockdown. This was because in compliance with the government orders all production facilities were closed, it added.
The company, however, exported 632 units from Mundra port following the resumption of port operations. The company said the units were dispatched, ensuring all safety guidelines. In a separate release, MG Motors India also said that it retailed zero units in April as dealerships remained closed due to the nationwide lockdown to contain coronavirus pandemic.
The industry has kept the fingers crossed given a large number of auto vehicles showrooms are located in red zones - worst affected areas under pandemic, posing a threat of an extended period of lockdown.
