The Indian Auto Industry has been crawling for three years and now the impact of COVID-19 has also left an impact on auto sales in India and its automobile industry. The developing economy of India might experience an increase in fuel prices owing to the massive lockdown.
The Indian automobile sector had a forgettable year – 2019 – because the trade soldiered on despite one of the worst periods. Sales for traveller vehicles as well as cars, SUVs, and even two-wheelers witnessed a significant decline last year, dropping at its lowest in 20 years. except for the economic slump within the Indian company sector, finance problems, elections, and a negative buying sentiment heavily contributed to the automobile trade sales witnessing a dive in volumes last year. most established makers were littered with the holdup; whereas the new players, as well as Kia Motors and MG Motor India, managed to secure higher sales figures despite the slowdown.
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