ET Auto: Reviving Indian Auto Industry Post COVID-19
Reviving Indian Auto Industry Post Covid-19 By Taking Cue From Global Measures & Assessing Industry’s Demands
ET Auto, Rupali Handa, 25 May 2020
(Image courtesy of ET Auto)
The Coronavirus outbreak has added to the woes of an already struggling auto industry. Before the outbreak, the Indian auto industry was already suffering from a prolonged slump owing to many reasons – a global slowdown, stressed financial sector, weakened consumer demand, drop in private investment, the transition to BS-VI norms, confusion over EV adoption deadline.
The pandemic had initially disrupted only the supply chains, but then with the lockdown, the production also came to a halt. It is having a major impact on the auto industry, with manufacturers either totally shut down following the directives issued by local governments or are running with minimal staff at production units to keep their personnel safe.
