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Covid-19-battered auto sector drives into 2021 with cautious optimism
₹2,300 crore in turnover for every single day of closure.In order to overcome the unprecedented challenge, the auto industry players embraced digitisation to adapt to the new normal to serve customers while learning to be nimble footed to keep factories running under COVID-19 SOPs (Standard Operating Procedures) and concentrating on financial health by reducing costs and generating free cash flows.The pandemic-induced lockdown also had an impact on the country's transition to BS-VI emission norm from April 1.Reflecting on the impact of the global health crisis on the sector, the Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon told PTI that the growing preference for personal mobility and the gradual opening