IMPACT OF COVID-19 PANDEMIC ON INDIAN AUTOMOBILE INDUSTRY

IMPACT OF COVID-19 PANDEMIC ON INDIAN AUTOMOBILE INDUSTRY
Author(s):
MS. AKRITI DHIMAN, DR. PREETI GARG
Keywords:
Emerging technologies, COVID-19, new normal, market share difference, growth
Abstract
Due to decreased efficiency, the auto sector is currently experiencing a serious crisis (GDP). COVID-19 has an impact on travel, tourism, and auto shows. It uses new emerging technologies, such as image processing, practical cleverness, in-depth learning, and the shift from simple cars to smart & autonomous cars, to make transportation simple, easy, and secure. One of the first epidemics of its kind, Covid-19 is causing the automotive sector to revaluate its operations. The research presented in this paper aims to analyse the market using information obtained from the Department of Automotive Industry, the Department of Heavy Industry, and the Department of Public Enterprises in various regions, as well as the actions taken to combat the COVID-19-related economic downturn by examining related issues faced by passenger cars. The focus of this study is on "How to manage present disruptions and get ready for the "new normal," as well as "What is the impact of Covid-19 on the automotive value chain."
Article Details
Unique Paper ID: 156680 Publication Volume & Issue: Volume 9, Issue 4 Page(s): 509 - 513
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