Covid-19, BS-VI transition take toll on automobile wholesale in March

The country’s largest two-wheeler maker Hero MotoCorp reported a 42% drop in sales during the month to 334,647 units of motorcycles and scooters. The company was already under pressure due to excess BS-IV inventory in the system, which it had to sell before 31 March. Production was further curtailed due to plant closures because of the nation-wide lockdown.

from Auto-Industry-Economic Times https://ift.tt/2UC3ex7