Auto industry may cut R&D spending, exit unprofitable segments due to coronavirus: Deloitte

The auto industry in India has already undergone considerable slowdown over the past 12-18 months due to structural changes beginning with goods and services tax (GST), shift to shared mobility, axle-load reforms, the BS-IV to BS-VI transition and liquidity crunch.

from Auto-Industry-Economic Times https://ift.tt/3bX5GEU