City
Epaper

Covid-19 pandemic puts 50% of passenger vehicle sales at risk: Crisil

By IANS | Updated: April 28, 2020 17:20 IST

The economic fallout of Covid-19 pandemic puts 50 per cent of passenger vehicle sales at risk, a study by Crisil Research showed on Tuesday.

Open in App
on consumer incomes and finance penetration. Given this, automobile manufacturers and vehicle financiers need to tactically target low-to-moderately impacted districts and also appropriately retune their strategies in high-to-very high impact districts to minimise the impact on their sales performance."

Hemal N Thakkar, Associate Director, CRISIL Research, said: "Players in the industry will have to devise a strategy after carefully considering their product portfolios, sales distribution by district and dealership presence - all of which are key to pushing volumes in this scenario. Prioritisation of districts on the basis of opportunities and risks will be the new matrix to work on."

( With inputs from IANS )

Tags: Crisil Research
Open in App

Related Stories

BusinessAluminium prices set to rebound as global deficit looms: Report

BusinessSteel prices set to drop on weak season after two-year rally

BusinessAluminium prices likely to drop 25 pc as Chinese output rebounds

BusinessProlonged Ukraine crisis, high crude prices may push India's import bill up by 15 pc: Experts

InternationalThird Covid wave, microchip shortage dented auto sector’s Jan sales: Experts

Business Realted Stories

BusinessTelangana Cabinet clears Bill for welfare of Gig workers

BusinessSamsung ramps up Taylor chip complex in the US with 1,000 staff moves

BusinessGati Shakti Vishwavidyalaya, DRDO sign MoU to develop smart tech solutions for national security

BusinessCSIR-ISRO Space Meet organised to strengthen India's preparedness for human spaceflight programme

BusinessPrime Minister Modi meets 16th Finance Commission's delegation