Like the rest of the world, the Indian automotive industry took a hard knock from the pandemic in 2020. With the extremely challenging year behind us, and vaccination programmes all set to start, there's hope and optimism in the air. In terms of absolute numbers, the automotive industry is still in negative territory, but there are signs of improvement. The latest being in the medium and heavy commercial vehicle segment, often referred to as the barometer of the economy.
The personal vehicle segment has been witnessing healthy demand, gaining also from the demand for personal mobility, triggered by the pandemic. However, the 9-month period sales in the industry shows that it has gone behind by 7 years. Going by the activities of industry players and the prospects of the Indian economy, the industry may recover the volumes within a much lesser period.
The two- and three-wheeler segments, the biggest set of volume contributors in the Indian industry, are also witnessing improvement in fortunes. As the industry starts the new year's journey after the holidays, Autocar Professional will host an exclusive panel discussion on Monday, 18th January (3:00 to 4:00 pm) to take a comprehensive look at the industry's status, trends, opportunities and challenges, as well as the outlook for the year and beyond.
Panelists representing all key segments of the industry are:
- Diego Graffi, MD and CEO, Piaggio Vehicles
- Girish Wagh, President – CVBU, Tata Motors
- Shashank Srivastava, Executive Director, Marketing & Sales, Maruti Suzuki
- Vinkesh Gulati, President, FADA
The webinar will be moderated by Autocar Professional's Sumantra B Barooah.
Click https://bit.ly/39Dc3gs to register for the online event and get updated about where the industry stands today, and the road ahead.