India’s auto sales volume, significantly impacted by the pandemic, will take three-to-four years to return to peak levels, according to Reuters. Sales of cars, SUVs, motorbikes and trucks had already fallen 75 per cent by April 1 from a year ago to about 1.5 million units, based on SIAM. “The impact of COVID-19 is going to be very harsh on the auto industry,” said SIAM President Rajan Wadhera. “As of now, we are staring into a very deep slowdown.” (Source: Reuters) Read the original story…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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