Automotive
Indian automobile sector witnessing ground-breaking trends
19 Feb 2021
The Indian
automobile sector Is on its way to recovery after facing severe hurdles due to
the COVID-19 pandemic. Between April 2020 and June 2020, passenger vehicles
sales in India dipped by 78%, suffering estimated losses of >Rs. 2,300 crore
(US$ 315.09 million) every day during the lockdown.
To cope
with this crisis, the auto industry set its foot towards digital innovations,
leading to rise of ground-breaking trends in various facets of the automobile
sector. While some trends were observed way before the pandemic, most were
accelerated during the pandemic.
The
full article was originally published on IBEF