The Indian auto sector has been one of the early adopters of digitization in manufacturing, but the journey so far has been slow and uncertain due to apprehension about its benefits and ROI. The auto industry in India has been under recessionary conditions between July 2018 and January 2020 due to certain regulatory changes, need to shift to electric vehicles and changes in consumer preferences. With the COVID-19 pandemic outbreak, another crisis has hit all industries hard across the world. The auto sector in India is likely to witness further slowdown in demand, non-availability of labor, concerns on health and safety management on the shop floor. This report reflects upon the likely impact of all the above NOW, and that it is likely to result in increased pace of adoption of hyper-intelligent digital technologies in the NEXT and BEYOND phases for the auto manufacturing sector. It answers the question: what should the automotive industry do to achieve resilience and develop immunity against market uncertainties in future. Read this interesting Ezine by EY attached below.
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