Professional Documents
Culture Documents
School of Business
Submitted to:
Ms. Samiksha
Submitted by:
Abhinandan Pathak(19GSOB1030007)
Abhay Pratap Singh(19GSOB1030032)
Aditya Singh(19GSOB1031030051)
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ABHINANDAN PATHAK
ADITYA SINGH
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Statement of Project Report Preparation
1. INTRODUCTION 7
2. OBJECTIVES 8
3. AUTOMOBILE INDUSTRIES IN INDIA 9
4. IMPACT OF COVID 19 10
5. MOTOR LIBRELIZATION 11
6. SALES REPORT OF PASSENGER CARS 12
7. SALES REPORT OF LUXORY CARS IN INDIA 13
8. IMPACT ON AUTOMOBILE SECTOR 14
9. OBJECTIVES 16
10. CONCLUSION 14
11. RESOURCES 15
INTRODUCTION
The Coronavirus Pandemic has had an impact on practically everyone we know, and it isn't
going away anytime soon. Coronavirus disease 2019 (COVID-19), commonly known as the
coronavirus or COVID, is an infectious disease caused by the coronavirus 2 that causes
severe acute respiratory syndrome (SARS-CoV-2). In December of this year, the first known
case was discovered in Wuhan, China. Since then, the disease has spread worldwide,
resulting in a pandemic. Fever, cough, headache, exhaustion, breathing difficulty, and loss of
smell and taste are all common COVID-19 symptoms. Symptoms might appear anywhere
from one to fourteen days after being exposed to the virus. At least one-third of those who
are afflicted do not show any signs or symptoms. Among those who manifest enough
symptoms to be classified as patients, most of the patients(81%) have mild to moderate
symptoms (up to mild pneumonia), 14% have severe symptoms (dyspnea, hypoxia, or more
than 50% lung involvement on imaging), and 5% have critical symptoms (respiratory failure,
shock, or multiorgan dysfunction). Severe symptoms are more likely to emerge in the
elderly. Some persons continue to have a variety of symptoms (long COVID) months after
recovery, and organ damage has been reported. Long-term research are being conducted to
learn more about the disease's long-term impact
COVID-19 symptoms are diverse, ranging from mild to severe illness. Cough, muscle pain,
sore throat, and breathing problems are all common symptoms, as are headache, loss of
smell and taste, nasal throat, fever, diarrhoea, congestion and runny nose, cough, muscle
pain, sore throat, and breathing difficulties. People with the same virus may experience a
variety of symptoms, which may change over time. A respiratory symptom cluster with
cough, sputum, shortness of breath, and fever; a musculoskeletal symptom cluster with
muscle and joint pain, headache, and exhaustion; and a digestive symptom cluster with
abdominal discomfort, vomiting, and diarrhoea have all been discovered. COVID-19 is linked
to loss of taste and smell in persons who have never had any ear, nose, or throat problems.
Among those who develop symptoms, 81 percent have mild to moderate symptoms (up to
mild pneumonia), 14 percent have severe symptoms (dyspnea, hypoxia, or more than 50%
lung involvement on imaging), and 5% have critical symptoms (respiratory failure, shock, or
multiorgan dysfunction). At least a third of those who are infected with the virus never show
any signs or symptoms. Asymptomatic carriers are less likely to get tested and hence
transmit the disease. Other infected people will develop symptoms later, referred to as
"pre-symptomatic," or have extremely weak symptoms, and can transfer the virus to
others.There is a lag between when a person becomes sick and when the first symptoms
occur, as is common with infections. COVID-19 has a four to five day median delay. The
majority of symptomatic patients develop symptoms two to seven days after exposure, and
almost everyone develops at least one symptom within 12 days. The majority of patients
recover from the disease's acute phase. However, some people continue to have a variety of
symptoms for months after recovery, a condition known as persistent COVID, and organ
damage has been reported. Long-term research are being conducted to learn more about
the disease's long-term impact.
OBJECTIVES
COVID-19 causes a four to five-day delay on average. The majority of those who are sick
have symptoms two to seven days after exposure, and almost everyone develops at least
one symptom within a month. The majority of people recover after the disease's acute
phase. However, some people continue to have a variety of side effects months after
recovery, a condition known as chronic COVID, and organ damage has been reported. To
learn more about the disease's long-term impacts, researchers are conducting multi-year
studies.
TABLE 1
STATUS OF COVID IN INDIA AS ON MAY 9TH 2021
The first car to ply Indian roads was in 1897, while Jamshedji Tata was the first Indian to buy
a car in 1901. It was 1942, just before India's independence. Hindustan Motors was the first
vehicle manufacturer in India after independence. Soon Following India's independence, the
Indian government attempted to strengthen the sector through promoting the production
of autos Previously, the automobiles were imported directly. The automobile industry was
initially established in 1952, when the with the goal of indigenizing this industry, the
government formed its first tariff panel industry. In 1952, the country also saw the
introduction of passenger autos.Hindustan Motors, Premier Automobiles, and Standard are
some of the manufacturers.
Mahindra and Mahindra, Bajaj, Standard Motors, and other companies have begun to
produce SUVs. Seven manufacturers produced heavy and medium commercial vehicles,
including Ashok Motors, Simpsons and Co., Premier Motors, and others. Bajaj Auto, Escorts
Group, Royal Enfield, Automobiles Product of India, Ideal Jawa, and other companies
produced two-wheeler vehicles like as scooters, motorcycles, and mopeds.
Impact of Covid-19 on Automobile Industries in India
Motor Liberalization
It all began when there were few choices in terms of autos. This
phase lasted for a long time until the liberalisation phase began.
Many overseas companies were encouraged to enter the Indian
market as a result. Many of them formed companies with local
manufacturers to seize markets that met the needs of local
customers.
TABLE 2
SALES REPORT OF PASSENGER CARS IN PRE AND DURING COVID OF INDIA
The above table illustrates that throughout the pandemic period caused by Covid 19, the
vehicle industry's sales have decreased. Maruti Suzuki is India's largest automobile
manufacturer, but the pandemic has had an impact on the Indian market. Renault is the
only business whose sales have increased, according to the data. Because MG and Kia are
new to the Indian market, the sales value cannot be estimated based on the statistics.
Automobile industries also saw their market share dwindle. Honda, in particular, had a -1.8
percent drop in market share. Because they are new to the market, Kia's market share has
increased; they are followed by Kia. During the lockdown in India, Hyundai's market share
increased.
According to the table above, the premium vehicle sectors experienced a sales
problem during the era of covid 19. When compared to other luxury premium
automobile manufacturers in India, Bentley and Jaguar have suffered a major
difficulty. When compared to previous year's automobile sales, Lamborghini is the
only luxury car manufacturer that made a large profit of twice the amount. Only Benz
saw a 2.9 percent increase in market share during the Covid 19 epidemic when
compared to the previous year's market share
CONCLUSION
7. Ozili, P. K., & Arun, T. (2020). Spillover of COVID-19: Impact on the Global
Economy. Available at SSRN 3562570. pp. 1-27. 16. Official website
www.nseindia.com
8. Shalini Aggarwal, Anuksh Singla, Rity Aggarwal (2012).―Foreign Direct
Investment in India‖. International Journal of Computational Engineering &
Management, 15(5): 2230- 7893.
9. Srivastava Sadhana (2003). "What is the True Level of FDI Flows to India?".
Economic and Political Weekly, Volume XXXVIII, No. 7(15).
10. Bajpai and Dasgupta Mandita (2004), ―What Constitutes Foreign Direct
Investment? Comparison of India and China‖. www.earth.columbia.edu.
11. Salisu A.A. (2006). ―The Determinants and Impacts of Foreign Direct
Investments on Economic Growth in Developing Countries: A Study of
Nigeria‖, Indian Journal of Economics, 86 (342): 333-342.
12. Saxena, D.N. (1989). ―Foreign Direct Investment: India’s Requirements of
Foreign Capital and Foreign Technology and Role of FDI in that Context‖,
Foreign Trade Review, 24.
13. Jhingan, M.L. "The Economics of Development and Planning", Vrinda
Publications (P) Ltd.
14. Mathur Vibha, "Trade Liberalization & Foreign Investment in India 1991-
2001", New Century Publications, Delhi.