Carmakers march into last month of FY2021 on a buoyant note

Today is March 1, the beginning of the last month of fiscal year FY2021, which most businessmen, industrialists, entrepreneurs or even salaried professionals would want to forget. Nobody had ever imagined that the FY2021, which kicked in on April 1, 2020, would be a harrowing experience in the form of a Covid-19 pandemic-induced global economic recession that delivered job losses, salary cuts and business closures.

While the initial days of FY2021 were excruciating for most industries, especially with April 2020 being a washout with a nationwide lockdown in India, the wheels of growth started to turn slowly with every ...