India, March 25 -- XUV500
With the fast-approaching 31 March 2020 deadline for sale of BS4 vehicles in the country, the automobile companies are stuck with the unsold BS4 inventory worth Rs 6,400 crore. The situation worsened when India recently went into a complete lockdown over the COVID-19 pandemic until 14 April. It is believed that over 12,000 dealerships located across the country are shut for operations in the lockdown states.
Major automotive brands namely, Maruti Suzuki, Hyundai, Tata Motors, Kia Motors, Mahindra, Toyota, Renault and Nissan have stopped production at their respective facilities. Luxury car manufacturers like BMW, Mercedes-Benz, Volvo and Rolls Royce have also stopped production until there is an improvement in the...