the auto makers included in its analysis are tata motors mm ltd maruti suzuki india hero motocorp tvs motors ashok leyland bajaj auto eicher motors escorts and atul automumbai the coronavirus outbreak and inventory correction before transition to bsvi emission norms are expected to pull down aggregate revenue of some of the auto and auto ancillary companies by 26 per cent in march quarter even as the nearterm weakness in demand is likely to continue as covid19 persists a report said on mondaybesides the higher discounts and operating deleverage are expected to contract aggregate margins by 240 basis point yearonyear emkay global financial services said in its report on the auto and auto ancillaries advt most of the manufacturing activities including in the auto sector are suspended since march 25 when the government implemented a 21day lockdown to contain the spread of coronavirusstates like maharashtra punjab odisha telangana and west bengal have already announced the extension of lockdown till april 30aggregate revenue in march quarter is likely to decline 26 per cent yearonyear owing to the covid19 outbreak and inventory correction before bs6 transition firms that are likely to record a steep fall in revenue are deep cyclicals or companies with global linkages emkay global saidthe march quarter topline of the companies covered under the report are likely to be weak with 28 per cent yearonyear fall it said adding the decline will be sharp for deep cyclicals and companies with global linkagesthe auto makers included in its analysis are tata motors mm ltd maruti suzuki india hero motocorp tvs motors ashok leyland bajaj auto eicher motors escorts and atul autoapollo tyres amara raja exide motherson sumi and bharat forge were among the ancillary makersthe report said it expects the rebound in sales to be sooner in passenger vehicles premium motorcycles and tractors segment advt although nearterm weakness is expected to continue as the covid19 outbreak drags a gradual recovery is likely from h2fy21 led by a low base better rural sentiment and pentup demand we believe recovery to be sooner in pvs premium motorcycles and tractors emkay global said in the report pti published on apr 13 2020 at 0650 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app auto sector outlook bsvi transition ashok leyland apollo tyres bharat forge eicher motors homenewsindustrycovid19 inventory correction before bsvi transition to hit auto revenues in march quarter