The World Health Organization has declared coronavirus (COVID-19) a ‘pandemic’. As the virus pushes the world economy on the brink of a slowdown, auto is one of the worst hit sectors. The sector is already battling one of its worst slump in two decades and currently in the process of making a gradual switch to BS-VI norms. Although situation could improve in the Indian auto sector as efforts to contain and eradicate COVID-19 yield results, there are some lessons to learn.
This edition of Auto Bytes looks at the impact of COVID-19 on the sector and the learnings it can draw from this crisis.