Corona Virus affected Auto Sector, deep crisis in China
Corona Virus affected Auto Sector, deep crisis in  China

The coronavirus spread in China has been wreaking havoc everywhere, now its effect is also seen on the auto sector, not only in China, but companies in many sectors are seeing a change in the macro shares as well as tell you the automobile sector Jaguar Land Rover Automotive, a valuable subsidiary of the largest automobile company in India, has a deep and strong relationship with China. In addition, given the uncertainties over the availability of components with China's shutdown, the extent of the financial impact on the auto giants will be difficult to estimate. By the end of next week, there may be a shortage of car parts in its British factories, as supplies from China have stalled due to coronavirus.

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It is worth noting that 23 per cent of Jaguar Land Rover (JLR) (JLR) luxury car sales (December quarter) came from Chinese markets. After this, the auto sector is in a hurry as the auto sector business is connected to China around the world and as JLR sales have increased only five months after the decline of about 12-15 months in this sector. While it is impossible to estimate the impact on revenue and profits, it is certain that JLR's profits are based on China's performance. JLR's troubles do not end here. JLR has extended a shutdown at its manufacturing unit in China amid concerns over a coronovirus outbreak. In the coming days, it has to be seen how the auto sector is able to overcome the outbreak of Corona virus.

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