India Auto Inc shows resilience in FY2021, bounces back in Q4

FY2021 has been one of the toughest years in the history of the Indian automotive industry with the outbreak of the Covid-19 pandemic putting a spanner in the works. The automobile industry, which was already facing headwinds of a slowing-down economy, was brought to a standstill with the nationwide lockdown in April 2020. And this April, the pandemic once again threatens to spiral out of control.

While India Auto Inc closed FY2021 with an overall (across segments) year-on-year sales decline of 13.6 percent and registered cumulative sales of 18,615,588 units (FY2020: 21,545,551), the past few months have been relatively ...