Auto sales may see 25-45 percent drop in Q1

The industry could see an overall decline of 25-45% in Q1, with heavy commercial vehicles expected to see de-growth of 50%, touching sales levels of 2008. According to industry estimates, PV wholesale figures may shrink to 1.5 lakh units from 8.73 lakh units. Retail sales could fall to 2.5 lakh units from 7.94 lakh units recorded last year.

from Auto-Industry-Economic Times https://ift.tt/2NEf85y