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Comeback kid: Motown gets back on track in FY2021


Comeback kid: Motown gets back on track in FY2021
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Agencies
NSE
(This story originally appeared in
on Apr 02, 2021)NEW DELHI: The auto industry made quite a turnaround in fiscal year 2020-21 despite being hit by the pandemic and battling severe parts and component crunch. A late recovery towards the second half of the fiscal saw car, SUV and two-wheeler sales stage a remarkable comeback, even though full-year numbers ended in the red for all companies but
The heightened demand for personal mobility amid fears around the spread of the virus saw an almost V-shaped recovery as companies scrambled to keep pace with retail. There is already a waiting across many vehicles and variants, and the shortage of parts led by issues such as semiconductor crunch has only exacerbated the situation. ....

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