New Delhi, May 8 -- The Nifty Auto index nosedived 7.2% on 4May following reportsofzerosales by automakers in Aprilbecause of the nationwide lockdown. Apartialrelaxation of thelockdownin notifiedcovid-19 zones from Monday is alsounlikely to fuel nearterm demand. TheresultantweakJune quarter (Q1 FY21)combinedwithawobblyrecoverythereafterwould lead to awashout for auto sales in FY21,say analysts. "Weexpect1QFY21 year-on-year(yoy) contraction of 74%-77% for passengervehicles(PVs),two-wheelers, threewheelersand commercialvehicles,"saidBNP ParibasSecurities IndiaPvt.Ltd inareport.Therecould be asequential recovery led by pent-up demand in the remainingquarters,but it maybeoffset by the BS-VIprice hikeimpact, it added. Thelockdowncame at atime wh...