ECONOMIC IMPACT OF COVID-19 ON THE AUTOMOBILE CAR INDUSTRY OFINDIA & STRATEGY

The Indian automobile car industry is going through lot of changes in the past few years; partly due to
government introducing stringent emission norms and also the adverse economic impact of covid-19 on
automobile industry. Covid-19 has resulted in great loss of earnings of people and the result is less demand
for the car industry. Many car manufactures continue to launch new models every year, but what is needed
for this companies is to focus on minimising cost so as to survive in this heavily competitive market, which
in fact is dominated by 3 to 4 companies. This paper tries to evaluate the economic impact of covid-19 on
the automobile car industry. The car industry is now relying on internet of things with use of artificial
intelligence to make the car manufacturing process a complete use of sophisticated technology. This has
helped companies to make smart cars with more safety.