INDIAN AUTOMOBILE INDUSTRY IS FACING THE BRUNT IN A POST COVID WORLD
The Daily Guardian|January 13, 2022
AUTO SECTOR
HEMANT GAUR
INDIAN AUTOMOBILE INDUSTRY IS FACING THE BRUNT IN A POST COVID WORLD

While many markets saw signs of improvement in December on a Year-to-Year (YoY) basis, it remains difficult for the Indian markets to know the actual situation as the demand for passenger vehicles declines. Moreover, there is a risk of the third wave of Covid-19. As a result, the production and sales of automobiles will continue to decline, due to the curbs imposed by the respective state governments amid the rising of the covid-19 cases across the country.

The country saw a 16 per cent decline over last year, with passenger vehicles sales estimated at around 2,44,639 as against 2,74,605 in December 2020 while commercial vehicles sales rose to 13.72 per cent in Q3 FY22 58,847 units against 51,749 as of December 2021.

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