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Third COVID wave, microchip shortage dented auto sector s January sales, say experts

3rd COVID wave, microchip shortage dented auto sales in January

The third Covid wave along with microchip shortage leading to lower production and elongated waiting periods dented January 2022 sales of key automobile players.

Third Covid wave, microchip shortage dented auto sector s Jan sales: Experts

The third Covid wave along with microchip shortage leading to lower production and elongated waiting periods dented January 2022 sales of key automobile players."On account of Covid-19, sluggish rural sentiments due to crop loss because of .

Amid muted demand at home, exports offer relief to auto companies

Amid muted demand at home, exports offer relief to auto companies SECTIONS Share Synopsis ICRA says the steady growth in twowheeler exports is encouraging and is expected to support industry volumes in FY22, although volatility overseas may pose downside risks. Agencies Home and away: The term isn’t the exclusive preserve of an ultra-competitive soccer league. It is a proven de-risking strategy in business, particularly personal mobility, where surprising gearshifts in markets worldwide often stump automakers. Take, for instance, the two-wheeler industry for which India is the biggest market worldwide. Now, the home market isn’t firing on all cylinders, to be honest, but several countries in Africa and Latin America aren’t homebound and they are buying bikes made in Maharashtra, Haryana, or Tamil Nadu.

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