Automobile Industry Outlook and Challenges
- Credit Rating Agency in India
- Industry Report
- Automobile Industry Outlook and Challenges
The Covid-19 pandemic has created an unprecedented situation for the global as well as Indian automotive industry, despite the industry being recognized as a ‘sunrise industry.’ Economists and önancial pundits have lamented about the coronavirus pandemic and subsequent lockdowns that gave major headwinds to the Indian Economy. India’s automobile industry is not insulated from the current crisis. Concerns arose that India’s automobile industry is going to experience another year of substantial declines. Sales of passenger vehicles got especially hit amid the lockdown.