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

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.

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 )