Status of Automobile Industry Post Covid-19

Abstract

In December 2019 there was an outbreak of corona virus emerging from Wuhan, China and it slowly spread all over the world. As the virus being highly contagious causing respiratory infections ultimately leading to some fetal cases, it was necessary to respond to this unprecedented crisis of the disease COVID-19 by taking drastic measures. Hon. Narenra Modi ,Prime Minister of India announced ‘Janata Lock- Down’ for the first day followed by compulsory lock down in the entire nation initially for three weeks which later on was extended in order to prevent contamination of the virus amongst Indian nationals to retard the speed of contamination . This paper highlights the effects on the Automobile Industry during the times of lockdown. It throws light on issues like position of automobile industry in India, impact of lockdown on Auto Industry due to COVID-19 , fiscal measures suggested in order to boost Auto industry and also challenges before the industry etc. during the recovery after the lockdown period. The paper is based on secondary data.