Into The Future: FY22 And Beyond

The future looks bright for the Indian CV industry despite the disruptions. Shyam Maller looks at how the ecosystem is buckling up for FY2022 and keeping the wheels moving.

- Shyam Maller

The last three years have brought torrid times for the CV industry and the cohorts in the ecosystem. The Covid-19 pandemic that was a veritable final nail in the coffin for businesses in FY2021, has continued to torment the industry into the first quarter of the financial year 2022 (Q1FY22) as well as through the second wave of the pandemic. The Q1FY22 (AprJun’ 2021) sales were down by nearly 61 per cent compared to Q4FY21 (Jan-Mar 21). (Refer to Chart A).

There have been truly very significant lessons that have been learned of managing resources with better speed, quality, cost optimization leading to better efficiency and productivity. Going forward, it is critical to broaden and deepen the transformation that has been kickstarted and particularly with the impending transition from diesel to new fuels including the transition to electrification and hydrogen fuel cells. The skill sets and the strategy to navigate and lead in the ‘New Normal’.

So, let’s take a peek at what bodes for us and the CV industry in the year ahead and what are the areas that we need to be cognizant of and strategize actions.

RISE OF DIGITAL