The vicious wave of the coronavirus has gradually engulfed the whole world. Various sectors of the society are drowning in this wave. Apart from affecting the health of the people, the coronavirus is feigning devastating repercussions on the world’s economies. Job & employment rates are at the lowest. Being jobless, more and more people are opting for freelancing or part-time work options.
However, sectors like travel and tourism, insurance, and the automobile industry have had a catastrophic impact because of the virus. The automobile industry has various kinds of carmakers. They range from the influential carmakers to the small-scale luxury carmakers. Some can absorb the shock of the coronavirus, whereas some have suffered severely.