Impact of COVID-19 on the Automobile Industry and Success Factors for Range Rover

Global Business
Environment

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
The impact of the pandemic on the auto mobile industry...........................................................3
Success factor of the industry with consideration to megatrends................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
The COVID – 19 pandemic situation have negative impact on automobile sector and varied other
management and on their company and economical sections. Many management have to deal
with economical loss that will directly have an impact on the nation’s advancement and growth.
The organisation consider in this report is Range Rover it is an automobile company. The
following report cover the scenario of impact of the pandemic and developing the survival in
success factor of the industry (Asuquo, and et.al., 2021). It also involves the discussion about
the impact of automobile industry with the support of Range Rover management in and effective
manner.
TASK
The impact of the pandemic on the auto mobile industry
The current pandemic situation of covid-19 have a negative impact on all the automobile
sector as a cross to the world. By managing the crowd work, government had applied long down
in the nations in order to secure people. This lock down had support the country in managing the
spread of coronavirus because it had rapid impact on the nation and on its value chain after
automobile sector. Over the last few decades, the automobile sector also have been affected and
faced high term of loss in market share in the field of the marketplace. In the study, it have also
determined that the pandemic of COVID -19 have an impact on the management of Range Rover
that are established at United Kingdom. As it involves the field of automobile sector and its
impact of covid-19 pandemic that are as follows -
 Decrease sale – In various management it already termed that at the time of covid-19
pandemic situation every sector of management had faced a lot of loss. In relation to the
Range Rover management, management also face various barriers and difficulties in
terms of agreement of sales, low market share and so on (Tolstykh, and et.al., 2021). Due
to the pandemic situation of COVID -19, the automobile sector have negative impact and
it will lead to high term of losses. On the other hand covid-19 had spread increasingly
and due to which government had decided to apply the lockdown situation in diverse
nation. By this manner, the Range Rover management has to maintain their position for
longer period of time but it was not possible due to which there will be decrease the sales
in diverse nations. The declining of the sales value will directly have an impact on the

managerial shares and it will lead them to move downward at the market situation. The
management also prepare the backup plan for such pandemic situation due to which they
can easily recover their operations and functions in an effective and efficient manner.
 Financial statements – The next issue is demonstrating the framework of financial
statements that are the fundamental part to operate the management. Each management or
company needs and effective and well managed economy by which they can hold higher
development in the field of the marketplace and offers structural targets to the person
(Uludağ, and et.al., 2021). The Range Rover management had faced economic problems
in the situation of pandemic. It has been investigated that the management had faced 15%
laws than past 3 years. Range Rover is the topmost automobile management that produce
higher term of profit. As in the situation of long town the management was not capable to
increase their betterment and growth section of the business. As per to the management, it
need to concentrate on the financial statement by which they can manage their position
and recover their economical standards in the field of the marketplace. The automobile
sector has larger term of impact on the management and develop issue that will lead them
at less section at the field of the market area.
 Affect share values – By presenting the impact of current pandemic involves the share
value or market value of the business. In the relation of pandemic situation, the
management of range rover price word decrease by 10% in in in retail sales. Due to
which COVID -19 pandemic situation the management had led to acquire the higher term
of loss and was not capable to provide for pay the tax value to the government in in the
certain position. Hence, as the time flows the management had maintained their market
share values and recover their share values and prepare plan for second wave of covid-19.
They concentrate on their growth and development programs by which they can easily
recover their divisions with effective and efficient tactics.
 Labour – During the situation of COVID -19 pandemic the automobile industry had
faced higher term of impact in labour division (West, 2021). The noble virus of COVID -
19 spread on rapid terms and to prevent the pandemic situation government applied
lockdown. By performing in the management it will increase the risk and life threat by
virus that causes individuals to fall sick. As with it, labour group also have affected and
lost their jobs and roles in the business of management who were not capable to keep