Covid-19: Auto sector suffered Rs 2,300-cr loss a day, says par panel

In the wake of the Covid-19 pandemic and subsequent lockdowns, the automotive industry suffered Rs 2,300-loss crore per day and an estimated job loss in the sector was about 345,000, according to a parliamentary panel report submitted to Rajya Sabha Chairman M Venkaiah Naidu on Tuesday.

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The Parliamentary Standing Committee On Commerce, chaired by Telangana Rashtra Samithi (TRS) MP Keshav Rao, has also suggested a slew of measures for attracting investment in the automotive.

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