Maruti Suzuki Chairman on India lockdown, gross sales, outlook



If the coronavirus pandemic didn't happen, demand for vehicles in India would have steadily grown over the course of the yr, in line with a prime business chief within the nation. 

Although the virus outbreak was first reported in China's Hubei province late final yr, the an infection has unfold quickly world wide, infecting greater than 935,000 and killing over 47,000 individuals to date, in line with knowledge from Johns Hopkins College.

The preliminary variety of circumstances in India appeared to point out that the state of affairs was contained, however because the variety of infections grew, it prompted Prime Minister Narendra Modi to announce a 21-day nationwide lockdown that started final Wednesday. 

"The lockdown has meant that every one the automakers, together with Maruti, have needed to shut the factories and cease manufacturing fully. We have shut down our service stations, our gross sales shops, and the dealerships," R.C. Bhargava, chairman of Maruti Suzuki, advised CNBC's "Road Indicators" on Wednesday. 

"So, no gross sales have been taking...



Supply cnbc.com



Source marketwatch.com