Business beyond Covid-19: Auto firms change biz plans to stay relevant

Topics Auto firms | Auto sales

The pandemic crisis has prompted automobile firms, like their counterparts in other sectors, to revisit everything — from fixed cost and capital allocation to manpower deployment. According to consulting firm Kearney’s estimates, there has been an impact of $1.5-2 billion per month across the automotive value chain. Auto companies, which have a high fixed cost structure, have put in place long-term changes and are preparing for life beyond 2021. R C Bhargava, chairman, Maruti Suzuki, said: “Covid-19 has shown us various ways of reducing costs. Those will .....

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