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India's COVID-19 Wave Hinders Auto Industry

India's COVID-19 Wave Hinders Auto Industry


Author: Navneet Dwivedi | Published: June 15, 2021
Industry Segment: Industrial Manufacturing  |  Word Count: 239 Words

NEW DELHI--June 16, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--India's automobile industry, a major contributor to the country's GDP and employment, has been weakened by the COVID-19 crisis for the second consecutive year. As per the Society of Indian Automobile Manufacturers' (SIAM) estimates, the auto industry lost money for every day of closure during lockdown.

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