Amid the nose-diving sales and production in the automotive industry, its ancillary industry-the auto component industry- is also bearing the brunt of it. But, it can find solace in the form of the safety norms that are set to come into play in July and October this year, along with the BS-VI norm in April 2020. “In Q4 FY19, due to the existing high dealer inventory levels, players undertook production cuts…