Indian automobile sector witnessing ground-breaking trends

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Mobility Energy and Transportation

Indian automobile sector witnessing ground-breaking trends

19 Feb 2021

1 min read

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

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Indian automobile sector witnessing ground-breaking trends | PraxisGA