Reduction in the GST rates from 28 to 18 per cent for a limited period and an incentive-based vehicle scrappage policy would have made a less painful revival.

To fight novel coronavirus disease (Covid 2019), the government ordered a 21-day nation-wide lockdown, starting March 25.

Government of India has envisioned a path towards building green India with industries across all segments adopting measures to reduce carbon-di-oxide (CO2) emissions, auto industry is seen taking efforts in terms of its new product development, efficient motors.

It is expected that the shift towards the EVs will be a gradual process. Maintaining engine efficiency in the ICE vehicles will help to bring a change by reducing emissions on a larger scale.

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 Association of Indian Forging Industry (AIFI), the apex body of the Indian Forging Industry, has observed that the disruption caused by the Coronavirus (Covid-19) has hit the automotive industry and thus also affected the automotive component and forging industries.

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

The Government of India and Indian automotive industry’s vision plan referred to as ‘Automotive Mission Plan 2016-26 – AMP 2026’ highlights that the automotive industry with a growth at CAGR of 13 to 15 per cent will have an output of Rs 16,160 billion and Rs 18,895 billion in 2026

The electric vehicle (EV) market is gaining momentum across the globe driven mainly by environmental concerns, but the shift will be a gradual one due to issues like range, production costs, charging infrastructure and a fossil fuel heavy energy mix.