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Rewind 2021 | Year of speed bumps for the auto industry
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Rewind 2021 | Year of speed bumps for the auto industry
Dec 28, 2021 3:35 AM

The auto sector was, unfortunately, riddled with a lot of problems in the year 2021.

It all began with the supply side issues resulting in a massive semiconductor shortage globally that impacted the production of a lot of original equipment manufacturers (OEMs) in the local market as well.

Aslo Read: Rewind 2021: The ups and downs of the Indian economy

However, that was not all, but rising COVID-19 cases, a hit on rural demand, high ownership cost as well as high fuel prices dented the sales and volumes across many segments including two-wheelers and three-wheelers.

Also Read: Rewind 2021 | Experts take stock of markets in 2021 and what to expect in 2022

Watch the accompanying video of CNBC-TV18’s Sonia Shenoy for more details.

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