Automobile Companies Delay New Launches amid Coronavirus Lockdown
Indian automobile companies have delayed their plans to launch many new vehicles in year 2020 due to coronavirus related lockdowns. Management of many automobile companies has announced that they will launch new models once the lockdowns have been lifted.
Among major launches or model refresh were Honda City 2020, slated for March 2020 launch which has been delayed to May 2020. The estimated price of Honda City 2020 will be Rs 8 lakh for the base model. The BSVI complaint, fifth generation Honda City will come in both diesel and petrol variants. The fifth-generation Honda City was scheduled to be launched on March 16.
Honda was also planning to launch 2020 Hone Jazz in April 2020. However, we can now expect launch in May 2020 if the government opens the lockdown during the first week of May.
Maruti was having plans to launch 2020 Maruti Suzuki S-Cross (Petrol) in April 2020 and that has been delayed till May.
As oil prices have declined and are expected to remain low for at least a year, the demand for automobiles is expected to pick up once the lockdowns have been eased by the government.
2020 Triumph Street Triple RS was originally planned for March 25 launch but this has been delayed till May 2020. Triumph Street Triple RS will be Euro V compliant with a power output of 123PS and it will offer five different ride modes.
2020 BSVI Benelli Imperiale 400 was planned for April 2020 launch but as per the reports, this has been delayed as well. The bike was expected to launch with a price tag of Rs 1.9 lakh. The 2020 Benelli Imperiale 400 comes with 373.5cc, single-cylinder, air-cooled engine with a power output of 21PS.
The 2020 Yamaha FZ 25 and FZS 25 have also been delayed by a month. Yahama hasn’t confirmed the new launch date yet.
Automobile sector was already facing tough times in India but coronavirus has led to decline in sales for dealerships across the country. It might take a few months for growth to be back to earlier levels.