As the auto industry makes a shift to the BS VI regime from April 1, auto makers were expected to liquidate the remaining BS IV inventory triggered by pre-buying in the last quarter of the fiscal year.

According to India Ratings and Research (Ind-Ra), domestic automobile sales volume fell 19 per cent YoY (Year on Year) in February 2020, on lower consumer sentiments as original equipment manufacturers (OEM) continued the regulated wholesale billing to grapple with the effects of switching to Bharat Stage (BS) VI vehicles amid a low demand.

Auto makers today are adopting disruptive technologies and processes to boost productivity and improve quality. India is rightfully on the path to become a global auto manufacturing hub, says P Srinivasavaradhan.

The funding will come through Srinivasan Services Trust (SST), the social arm of TVS Motor Company and Sundaram-Clayton Ltd. and will include measures ranging from manufacturing and supplying supportive equipment.

This initiative is taken considering the safety of the employees from the current threat of coronavirus outbreak.

The announced facilities include plants in Chennai, Tamil Nadu; Surajpur, Uttar Pradesh; and Faridabad, Haryana.

In response to the virus threat, the automaker has also decided to shut its R&D Center in Rohtak.

This article talks about how India can unleash potential of the auto component industry.

The association also observed that the commercial, passenger and the two wheeler segments will be severely affected.