India’s automobile industry suffered 2300 crore of loss per day during the lockdown. and an estimated job loss in the sector was about 3.45 lakh, according to a parliamentary panel report submitted to Rajya Sabha Chairman M Venkaiah Naidu on Tuesday. Still many industries have not been kept well. A few fields have not been covered among many. “The committee was informed by the auto industry associations that all the major original equipment manufacturers (OEM) have cut down their production by 18-20 per cent due to low demand and decline in sales of vehicles. As a result, the employment scenario in the automobile sector has been affected and the estimated job loss in the auto sector at 3.45 lakh,” the panel said in its report.

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