Global pandemic COVID-19 has gone berserk since January 2020, showing no respite to the economy.
What we could see is a global recession heading our way.
In the past we have been talking about the motorcycle industry and how will COVID-19 impact specifically the Indian Motorcycle Industry.
In our last article, we compared the YOY sales of Indian Motorcycle Industry of Feb 2019 vs Feb 2020.
However, let us see how the Indian Motorcycle Industry is in March 2020.
Below snapshot from Autopunditz shows Honda was the only two-wheeler company to show positive YoY growth in March 2020. Rest all the figures are very pessimistic.
Overall the Indian Motorcycle Market took a deep plunge in March 2020 and it goes -39.8% down.