Impact of Covid-19 on Automobile Industry: A Case Study of Selected Companies

Abstract

"The covid-19 which had entered in the mid-year of 2019 in Wuhan which is locates in china. Slowly affected to all over the world were the government and public faced a bad impact towards manufacturing sector, service sector, export import, financial crisis and many more. Even government had taken several precautionary measures to control the spread of virus. Meanwhile, the decline in GDP showed a negative indicator towards the growth of the companies. Automotive industry is important to global economic development. It contributes roughly 3 % of all GDP output; the share is even higher in emerging markets. Industries contributes 7% of GDP to India and responsible for 7-8% of India’s total employed population. This paper is pointing to the current effects of the pandemic towards automobile industry."