India’s Coronavirus Lockdown Worsens Auto Sector’s Pain In March, Analysts Say

Auto wholesales in March are estimated to fall as buyers stayed away amid coronavirus outbreak and dealers waited to exhaust BS-IV inventory ahead of transmission to stricter emission standards, according to four brokerages.Factory-gate shipments of passenger cars, two-wheelers and commercial vehicles are likely to tumble in the range of 29-71 percent year-on-year in March, data compiled from the reports of four brokerages—Nomura, Em...