You cannot accurately predict how long crude oil will remain above $100. It is also impossible to tell when the Russia-Ukraine war will end.
The grim situation is visible from the side mirror of the two-wheeler. This sadness has become a cause of concern for the entire auto industry.
Pandemic time was an opportunity for car markers to recalibrate their cost structure. Work from home saved money as did lower interest costs.
In September 2021, the overall passenger vehicle production stood at 77,782 units as compared to 1,61,668 units in the previous year
Incentives for capacity creation are fine if the intention is to build scale, but why shelter the industry behind high tariffs
The shortage of semi-conductor and an increase in commodity prices remain key challenges for the industry in the near term
The manufacturing industry has been on a declining trend and is not healthy for growing the competitiveness of the component industry
The possibility of the third wave of the Covid-19 pandemic coupled with the rise in fuel prices has put the industry in a difficult situation
PV industry volumes should improve, due to a healthy order book and lower dealer inventories, say brokerages
The phased easing of Covid-induced curbs worked in favour of automakers for building up the dealership inventory to meet the pent-up demand