The outbreak of COVID-19 was identified in China in Dec 2019. However, the spread of Coronavirus does not remain limited to China, more than 175 countries and territories have reported cases of COVID-19. As of 14th April, 1,812,734 are confirmed infected cases of COVID-19, while 113,675 have lost their lives. Covid-19 has a shocking effect on the world’s economy. Almost all the industries from manufacturing to service are hardly affected by the outbreak of the pandemic. Talking of the impact on the Automobile sector, 80 percent of automotive and related companies reported that coronavirus will have a direct impact on their 2020 revenues. 78 percent of companies do not have enough staff to run a full production line. The Automobile sector is directly or indirectly affected by the Republic of China for automobile parts and tyre imports. Due to the outbreak of COVID-19 in China, Many factories have shut down and while some have resumed partially, utilization remains low. So i...
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