Automobile

The automobile industry is directly proportional to various factors such as availability of labour,Research and Developmental facilities, and low-cost steel production. The industry has been providing great opportunities for investment in direct and indirect employment to the major labour force. The resulting global semiconductor shortage is forcing companies, including automotive original equipment manufacturers, to make production cuts. As a result, the industry is taking a hard look at reimagining the automotive supply chain. Many companies are beginning to realize that rebuilding supply networks with efficiency and resilience is not only achievable but long overdue and imperative to remain viable in a rapidly transforming global automotive sector. The automobile industry is expected to record a strong growth recovering from effects of COVID-19 pandemic.Companies are expecting to launch more EV's which are likely to witness positive sales in 2021-2022.