The auto component industry was moving in the slow lane even before the nationwide lockdown came into effect. Now, with production having come to a grinding halt, it is moving even further downhill.
The writing for the industry is on the wall: It will have to emerge from the pandemic transformed — and for the better — to survive. “Everyone will have to fend for themselves. It is akin to Darwin’s theory of evolution — survival of the fittest will be the new norm,” says Deepak Jain, president of industry body Automotive Component Manufacturers ...
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First Published: Tue, April 28 2020. 23:37 IST
