From Resilience to Resurgence

Abstract

This study throws light on new or different factors of the disputable view, which has presumed that, at any point in future, the global automobile industry can reach a maturity level and would naturally resettle in the key developing countries where the auto market is expected to grow fast-paced and wages are significantly bottommost. The authors analysed that the gateway facing by a developing country trying to create domestic automobile industry which has arisen due to recent developments: a wave faced due to technological and structural innovation, and pressure caused by pandemic. These results suggest that the automobile industry has been affected during the pandemic but expected to see effective growth in future. An abnormal situation in the pandemic every day signifies the decline in the auto market, and the deep impact it had on the auto sector market and its returns.