The global automotive industry experienced a 73% drop in company filings mentions of COVID-19 in Q2 2023 compared with the previous quarter, with the highest share accounted for by Tata Motors with 5% year-on-year decrease, according to GlobalData’s analysis of over 323 automotive company filings. GlobalData’s COVID-19 Cross-Sector Impact – Thematic Research report helps understand how the effect of COVID-19 on Automotive sector compares with 17 other key sectors, in terms of equity indices, M&A volumes, jobs index, and filings. Buy the report here.
Notably, COVID-19 was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of advanced materials and edtech, according to GlobalData.
Of the top leading companies in the automotive industry, Tata Motors had the greatest increase in references for COVID-19 in Q2 2023, compared with the previous quarter. GlobalData identified 106 COVID-19-related sentences in the company's filings - 0.7% of all sentences - and a decrease of 5% in Q2 2023 compared with Q2 2022. Suzuki Motor’s mentions of COVID-19 rose by 236% to 37 and Li Auto’s by 23% to 33 and Didi Global’s by 21% to 31 and Aptiv’s by 54% to 17.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for COVID-19 in Q2 2023 was 150.
To further understand GlobalData's analysis on COVID-19 Cross-Sector Impact - Thematic Research, buy the report here.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
