The auto sector had already undergone considerable slowdown over the last 12-18 months due to structural changes beginning with goods and services tax, shift to shared mobility, axle-load reforms, the bharat stage-iv (bsiv) to bharat stage-vi (bs-vi) transition, liquidity crunch and so on. The covid-19 lockdown has had a multiplier effect – the industry has almost been at a complete standstill since 24 march. See More: https://www2.deloitte.com/in/en/pages/consumer-business/articles/covid19-response-for-automotive-companies.html