Indian Automotive Sector – Reflections And Outlook 2021

04-Jan-2021

As per SIAM, in April 2020, the Indian auto industry reported a revenue loss of about INR 69,000 crores. In 2020, the overall auto unit sales were estimated to have declined by 30% as compared with 2019. While the passenger cars segment may witness some recovery in 2021, the luxury and super luxury segments will continue to face challenges.