EFFECT OF COVID 19 ON AUTOMOBILE SECTOR OF INDIA by Dr. Priyanka Raheja https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec A bulletin en-us 2020-12-21 04:03:04 UTC 2024-10-01 20:39:14 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/644075621/2ac769fa6e5f6e7366599fef6dd510f3/IMG_20201221_WA0059.jpg saniya29084 https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1035431658 2020-12-21 07:11:43 UTC https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1035431658 saniya29084 https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1035434184 2020-12-21 07:13:54 UTC https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1035434184 Introduction https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1035539962 India’s automobile industry is the world’s fourth largest manufacturer of cars and seventh largest
manufacturer of commercial vehicles.]]> 2020-12-21 08:35:46 UTC https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1035539962 Focus priyankarahejagdgpsrohini https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1035865673 1. INTRODUCTION OF THE PROBLEM 
2. BRIEF OVERVIEW OF AUTOMOBILE SECTOR OF INDIA AND INVESTMENT OPPORTUNITIES. 
3. IMPACT OF COVID 19 ON AUTIMOBILE SECTOR OF INDIA 
4. SUGGESTIONS AND ROAD AHEAD ]]> 2020-12-21 13:03:16 UTC https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1035865673 Brief overview of the Auto Sector https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036295682 The auto components industry accounts for 2.3% of India’s Gross Domestic Product (GDP) Provides employment to nearly about 5 million people.

Automobile export is expected to grow at a CAGR of 3.05% .The Government of India expects automobile sector to attract US$ 8-10 billion in local and foreign investment ]]> 2020-12-21 16:16:52 UTC https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036295682 Introduction of the problem https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036298260 India has competitive advantage in manufacturing when compared to other countries. As per the industry body ACMA, wage costs accounts for 3-15% of sales for Indian players as compared to 20-40% for manufactures in the USA.

The Auto-components industry faced the challenge of lower availability of manpower (only 20-50%) 

Lockdowns across the globe has lead to plant disclosures, job losses, economic contractions and drastic decline in demand.]]> 2020-12-21 16:18:04 UTC https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036298260 Measures To Boost The Demand For "AUTOMOBILES SECTOR" mahajandiya353 https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036361483 Stimulus packages announced by the government are expected to help in the short run, but the conditions are expected to stabilize not before Q3 of financial year 2022.

Mandating govt. agencies & departments to replace "old vehicles"

Increasing DEPRECIATION on commercial vehicles.

Encouraging banks to make automobile LOANS CHEAPER & INCREASE CREDIT FACILITY TO NON-BANKING FINANCE companies.

Urging government to lower the SERVICE TAX ON 2 & 3 WHEELERS

🇮🇳 measures to IMPROVE LIQUIDITY  & POSTPONING VEHICLE REGISTRATION COST.]]> 2020-12-21 16:46:54 UTC https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036361483 Graphical analysis: saniya29084 https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036396932 The following graph represents the changes in production, domestic sales and exports in 2019 and 2020]]> 2020-12-21 17:05:02 UTC https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036396932 mahajandiya353 https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036403230 2020-12-21 17:08:14 UTC https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036403230 The pandemic affected the Industry in the following manner: saniya29084 https://padlet.com/priyankarahejagdgpsrohini/l1isc4ghr46pfzec/wish/1036414250 It tightened the cash flow position of various companies 

Due to shutdown of non-essential services,the demand of commercial vehicles ruptured 

OEM manufacturers had to delay many launches 

Exports are hampered due to disruption of supply chains
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