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Article Post-Budget Article: Impact on the Automotive Sector
The forward-looking approach adopted in the budget towards this sector has been in alignment with the government’s goals of promoting Aatmanirbhar Bharat and moving firmly towards net-zero carbon emissions by 2070, shares Saket Mehra in this insightful article in Financial Express.
2019 was a tough year for the automobile industry due to a global economic slowdown and falling GDP in India. But as we looked forward to the year 2020 with great optimism, the COVID-19 crisis had left industries around the world crippled.
If one keeps aside the challenges arising out of this crisis, this phase could turn out to be an opportune moment for the OEMs and component manufacturers, who could make in India and mitigate the risk of labour shortage when the situation turns normal.
Apart from the regular updates and industry overview, this publication of Auto Track also deep dives into the COVID-19 impact on the industry and the learnings that it could take from the crisis.
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