Enterprise

Budget 2022: Auto cos bear the brunt

Commercial vehicle sales plunged 20.5% year-on-year in FY21, while passenger vehicle sales declined 9.3%, hit by the Covid-19 pandemic. The nationwide lockdown led to auto companies not selling a single vehicle in April 2020. Semiconductor shortage and rising commodity and fuel prices have also added to the sector's woes.

Follow us on Facebook, Twitter, YouTube & Instagram to never miss an update from Fortune India. To buy a copy, visit Amazon.


Photograph :