“…With the rapid growth in automobile consumption, the demand in the automobile manufacturing industry is growing rapidly (Gackowiec, 2019). Through Industry 3.0 to Industry 4.0 transformation, the breakdown of a machine is eliminated which leads to stoppage or reduction in speed of the machine or production, delay in delivery schedule, decrease in production, increase in operational cost and affect the product quality (Roosefert Mohan et al ., 2021). Any unplanned breakdown or functional deterioration of a machine may lead to stoppage or reduction in speed of machine or production, delay in delivery schedule, decrease in production, increase in operational cost, affect the product quality and also reduce earnings before interest, tax, depreciation and amortization EBITDA of an industry.…”