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CareEdge Research Report
The automotive industry is witnessing one of the most challenging times, facing disruptions due to the pandemic, new technologies and regulations.
Price hikes taken by the original equipment manufacturers in order to offset the increasing raw material prices may further affect sales in coming months. As the third wave of Covid-19 has improved, auto sales are expected to improve going ahead.
There has also been some ease in semi-conductor shortages which are helping OEMs to do better dispatches of vehicles. However, it is expected the supply will improve in the coming months. If the supply change challenges and Covid-19 outbreak remain under control, growth in volumes can be expected in coming months.
Going forward, the industry is looking forward to leveraging the benefits of government schemes for increasing localisation and exports.
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