Being a guy from mechanical engineering background, I keep a close tab on automobile industry and the current times are one of the trickiest ones I’ve seen in a long time.
China - MASSIVE PANIC
If 40% auto dealers shut down temporarily, you can understand the panic
Chinese automotive industry from 2008 is by far the largest in the world - having more than 32% of the global production exceeding japan, US and EU combined 
But now things are looking super gloomy. The thing with automobiles is it is interlinked with lot of other sectors like metals and commodities and in general, a key indicator to measure the health of the global economy.
Europe - Some pent up demand and transition to EVs
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- With the war disrupting the supply chain and rocking the whole european economy, there was understandbly a big slowdown in the european automotive industry.
But, with things improving and inflation showing signs of peaking, things are temporarily looking good in the short run.
US - more or less flat
India - So far showing signs of comeback and resilience.
Our auto sector had a tough 5 year phase with the industry having the slowest growth ever.
But, things are currently looking good but considering the global macros , the companies are exercising caution even though the order book currently looks robust.
