Impact of Asia-Pacific Report COVID-19 on the Indian Automotive Coating Industry

2020-05-20 2683

In recent memories, New Crown COVID-19 has become the most destructive force in the automotive coating industry. The last four months have seen an unprecedented drop in demand from the Indian coating industry. The financial results of Naxx's coating equipment business in India, unlike the slow growth state in the country, paint a grim picture of the future for the coming months. The ongoing COVID-19 epidemic has made the automotive and coating service provider industry very troubled...

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