The rapid global spread of the Coronavirus is having a major impect on all sectors, including the automobile industry. "it is clear that this is the worst crisis ever to impact the automotive industry," stated Eric mark Huitema, ACEA Director General. 

                                 According to a report in ETAoto, the indian automobile industry is likely to suffer loss of Around Rs. 13,000 to 15,000 crore due to the coronavirus outbreak. let see some effect of corona virus on automotive industry.

(1) Nissan  has suspended production at its factory in Sunderland, UK, due to the coronavirus outbreak. Around 7000 workers are employed at the facility, which currently produces the Leaf, Qashqai and new Juke models.

(2) Ford will completely suspend production at its factories in continental Europe from Thursday, March 19.This decision will affect two plants in Germany and one in Romania. The firm has already suspended production at its Valencia factory after three workers were confirmed positive with coronavirus.

(3) The Volkswagen Group is shutting down most of its factories in Europe, with boss Herbert Diess saying that it's almost impossible to forecast the company's 2020 financial performance.

(4) In India, while some manufacturers have reported COVID-19-related supply chain issues. Several companies like Tata, Mahindra, FCA and Ford have, however enforced work from home polices for their employees for up to any futher notice.

(5) The 2020 Geneva motor show scheduled for early march was cancelled after the rapid outbreak of the coronavirus in Northern Italy. the New York and Beijing motor shoes, both scheduled for April, have been postponed.

(6) Honda motor said it would extend a shutdown of all US and Canadian car plant production through 10 April and at its plant in Celaya, central Mexico, until 13 April, because of the ongoing coronavirus outbreak.

(7) The world's biggest motor show in china have been delayed from its original dates in April. After many weeks of silence and having said that the event was being "postponed". the new dates will be from 26 September to 5 October.

(8) Hyundai, Ford, TVS, Royal Enfield have also declared the suspension of their production facilities. Manufacturing facilities in Rajasthan, Gujrat and Maharashtra have also halted production lines after Honda cars, MG Motors and Volkswagen Group along with the fiat Chrysler group participated in the lockdown.

(9) Jaguar land rover is to suspend all production at its plants across the UK, in response to the spread of coronavirus. The firm said manufacturing would stop next week. it plans to resume on 20 April, but said this could change. 

(10) The Australian Grand Prix was cancelled hours before first practice was due to begin, following the withdrawal of the McLaren team after one of its staff tested positive for COVID-19. The  Chinese grands prix have also been cancelled or postponed. Formula 1 bosses are now looking to start the season in late May or June.

Hope You Like This Information.

Thank You. 
Top 10 Impact of Corona Virus on Global Automobile Industry Top 10 Impact of Corona Virus on Global Automobile Industry Reviewed by Bhavik Panchal on April 04, 2020 Rating: 5

No comments:

Powered by Blogger.