Hit on the auto sector, a loss of production of 7.5 lakh vehicles will be a loss of $ 2 billion

New Delhi, Mar 25, 2020, Wednesday

India's auto sector, which is already facing a downturn due to corona, is seeing double chances.

All auto companies have given employees leave and shut down the plant due to the corona virus. Under these circumstances production of 7.5 lakh vehicles is likely to be lost in March alone. On the other hand, total revenue of $ 2 billion can be lost.

However, companies have said that no employees can be hired. Even so, it will take a long time for companies to recover. It will take time to increase sales too. No one can say how long this time will be.

If companies think that 21 days of lockdown and the previous one week, production will be stopped for at least one month and this month's earnings will be zero.