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    Coronavirus shutdown: Why auto industry needs to get its wheel spinning

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    Export orders worth $4-5 billion at stake, estimated revenue loss of over Rs 1 lakh crore and shortfall in the GST collection of about Rs 28,000 crore. Add to that loss of Rs 14,000 crore in other state levies. The 45-day coronavirus-induced factory shutdown has hit the automotive sector hard. ET's Nehal Chaliawala explains why India needs to keep the wheels of the industry - which amounts to 0.5% of the country's GDP - moving. Watch now.

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    The Economic Times