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Change picks up speed in auto industry to survive post-Covid challenges

Components makers are reinventing their business to transform and survive in a post-Covid world

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The industry will need to ensure the health and safety of the workers and give them the confidence to come back to the job

T E Narasimhan

5 min read Last Updated : Apr 28 2020 | 11:37 PM IST

The auto component industry was moving in the slow lane even before the nationwide lockdown came into effect. Now, with production having come to a grinding halt, it is moving even further downhill.

The writing for the industry is on the wall: It will have to emerge from the pandemic transformed — and for the better — to survive.

“Everyone will have to fend for themselves. It is akin to Darwin’s theory of evolution — survival of the fittest will be the new norm,” says Deepak Jain, president of industry body Automotive Component Manufacturers Association of India.

But equally important

Topics : Coronavirus Lockdown Auto makers TVS Group Auto part makers

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