Refer to important disclosures at the end of this report Mar'20 volume preview: Covid-19 lockdowns impacting volume performance across segments Wholesales are expected to be under pressure across segments in March due to lockdowns in the wake of the covid19 outbreak and inventory correction by dealers before the BS6 transition. Festive season (Gudi Padwa, Ugadi, Chaitra Navratri) volumes have been severely impacted by lockdowns. Tractor volume growth trajectory turns negative: Tractor volume growth had turned...