The Automotive industry in India contributes to around 7% of the total GDP, and it employs around 40 million in both the organized and unorganized sectors. 

The industry was growing at double digits, but the growth started diminishing after 2017. The industry even showed a negative growth rate in the past year due to various reasons. 

And now with Covid-19 and India’s severe lockdown, the sales completely came to a halt.

To understand the various reasons for the slowdown in growth in the Automotive Industry and the impact of Covid-19, we have with us Mr. Puneet Gupta, Associate Director, Automotive Sales Forecast (South Asia Region) from IHS Markit. 

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