24
Mar
17:43
Indian automotive output declines, carmakers brace for lockdown
Indian automotive production fell -18% on-year in February to 1.65 million units, according to a Society of Indian Automobile Manufacturers (SIAM) note seen by Kallanish.
Passenger vehicle sales fell -7.6% to 251,516 units.
In the 11 months through February Indian automotive production slumped -13% on-year to 20.5m units, maintaining the same declining rate as after ten months. Passenger vehicle sales dropped -15% to 2.63m units.
Earlier this month SIAM presiden…
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