If you think the North American auto industry went cold in April, well you’re right. But it still outperformed India during the same period.
In Canada, as we reported yesterday, sales were down some 75% in the month just ended. In India, that figure was 100%. That’s right, no vehicles sold there at all.
There’s some explanation to that, of course. As part of its attempt to control the spread of the coronavirus, India shut down commercial activities on March 25, and current measures remain in place at least until May 17. Like in just about every other country, the economy has been put under severe strain. One result, according to the Times of India, is that there were no car sales in April.