Intense spread of Covid – 19 virus in the top 100 districts of the country could adversely impact 50% of the passenger vehicle sales in the domestic market, during the current fiscal, said ratings agency Crisil in a note on Tuesday.
Vehicle manufacturers had to shut factories and showrooms for several days to comply with government directives aimed at curbing the spread of pandemic.
According to the ratings agency, top 100 districts account for 62% of passenger vehicle sales in volume terms, with 41% coming from the top 40 districts alone.
In comparison, top 100 districts account for only 45% two-wheeler sales and top 40 districts for just 26%. “Our analysis of automobile retail sales pattern and spread of Covid-19 across districts in