"Disaster gave two things: a moment to react and a decision
to overcome"
In recent times, the automobile industry in India has probably
witnessed its worst slump, starting with the ban on sale of large
engine capacity diesel vehicles and thereafter the switch to Bharat
Stage ('BS') VI standards straight from
BS-IV or Euro IV with effect from 1 April, 2020. From the
perspective of the automobile industry, there could not have been
any worse time for the COVID-19 pandemic to hit India. Usually,
March end is one of the peak seasons for the automobile industry as
most of the sales take place during this time for
inter-alia seeking depreciation benefit. However, owing
the current situation, the industry has been severely impacted with
no sales and complete lock down of vehicle registration
offices.
