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Deloitte

Car, Bike, SIAM, Automobile, Sectors

Deloitte Suggested Auto Industry May Stop R&D Activities Due to COVID-19

"The COVID-19 lockdown has had a multiplier effect -- the industry has been at a complete standstill since March 24. A prolonged truncation of consumer demand due to the lockdown is significantly affecting auto sector revenues and cash flows," Deloitte India Partner and Automotive Sector Lead Rajeev Singh said.

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