 "How falling sales, job losses have hit auto parts firms in Pimpri-Chinchwad")
Automobile and component manufacturers will have to finalise a well-thought-out strategy and a roadmap that leverages Industry 4.0 interventions to regain stability, remain competitive in the medium- to long-term, and become the auto factory of the future. Automotive shopfloors are expected to evolve and adopt digital technologies post Covid-19, said an EY India report.
The auto industry in India had been under recessionary conditions between July 2018 and January 2020 due to regulatory changes, the call to shift to electric vehicles and changes in consumer preferences. Demand is likely to slow down further, with non-availability of labour, concerns on health
