BACK ON THE RIGHT TRACK

The past few years had been tough for the industry: A combination of challenges such as new emission norms, slowing sales and rising raw material costs made life difficult for the players. Then the pandemic hit, leading to lockdowns and sales dropping to zero. Tough times have a silver lining—the country saw a rise in the demand for personal vehicles. But the party was spoilt by a global semiconductor shortage. That said, the auto industry seems to be recovering well. A look at the key numbers for FY22