Life after Covid-19: How the Indian automotive sector can be future-ready

A three-pronged approach can help the sector navigate turbulence related to Covid-19

The Indian automotive sector was already struggling in FY20. before the Covid-19 crisis. It saw an overall degrowth of nearly 18 per cent. This situation was worsened by the onset of the Covid-19 pandemic and the ongoing lockdowns across India and the rest of the world. These two years (FY20 and FY21) are challenging times for the Indian automotive sector on account of slow economic growth, negative consumer sentiment, BS-VI transition, changes to the axle load norms, liquidity crunch, low capacity utilisation and potential bankruptcies.

Post-Covid-19 world: When will that be?

The return of daily life and manufacturing activity to