Thursday, 30 April 2020

Indian Auto Sector


A 45-day factory shutdown will result in a revenue loss of over ₹1 lakh crore for the Indian automotive industry, which amounts to 0.5% of GDP. The country has been locked down from March 25 to May 3, by which factories would have been shut for 40 days, to curb the spread of Covid-19. Most auto plants shut on March 20.

Source - https://economictimes.indiatimes.com/industry/auto/auto-news/auto-sector-may-get-1-lakh-crore-jolt-on-45-day-shutdown/articleshow/75480644.cms

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