If the coronavirus pandemic did not occur, demand for automobiles in India would have steadily grown over the course of the year, according to a top industry leader in the country.
Though the virus outbreak was first reported in China’s Hubei province late last year, the infection has spread rapidly around the world, infecting more than 935,000 and killing over 47,000 people so far, according to data from Johns Hopkins University.
The initial number of cases in India appeared to show that the situation was contained, but as the number of infections grew, it prompted Prime Minister Narendra Modi to announce a 21-day national lockdown that began last Wednesday.
“The lockdown has meant that all the automakers, including Maruti, have had to close the factories and stop production completely. We’ve shut down our service stations, our sales outlets, and the dealerships,” R.C. Bhargava, chairman of Maruti Suzuki, told CNBC’s “Street Signs” on Wednesday.
“So, no sales have been taking…