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The auto sector, which has been grappling with multiple challenges over the past year, is headed for tougher times due to the COVID-19 outbreak. Auto makers and suppliers, struggling with muted demand, have shut production facilities both in India and overseas, given the lockdowns announced globally.
The supply-side disruption led to a 13.4 per cent fall in the BSE Auto Index on Monday. The sector has shed over 37 per cent over the past month, as the virus threat compounded the sector’s transition from BS-IV to BS-VI, resulting in higher product prices and subdued demand.
The impact in
The supply-side disruption led to a 13.4 per cent fall in the BSE Auto Index on Monday. The sector has shed over 37 per cent over the past month, as the virus threat compounded the sector’s transition from BS-IV to BS-VI, resulting in higher product prices and subdued demand.
The impact in
