As the coronavirus outbreak spread rapidly across the world, the global automotive industry was largely caught unprepared, halting auto businesses not only in China, but also in the United States and across Europe. A major impact of the outbreak has arisen from the disruption of supply chains for auto components, which are primarily manufactured in India and China.
With mobility restrictions expected to continue through a large part of 2020, the automotive industry is anticipated to go through a difficult time, as manufacturers in the automobile market seek ways to resurrect avenues for cash flow after the pandemic is brought back under control.