STEERING THROUGH CHANGING TIMES

Prevailing over some of the most challenging years, amidst a devastating pandemic, supply chain issues, semiconductor shortages, and a severe fall in demand, the Indian auto sector has had quite a ride.

- Vivek Srivatsa

Amidst unprecedented challenges, leading players have stepped up, implementing firm steps to reset focus, spur demand, and fuel growth. The year 2022, consequently, has been momentous, with the auto sector showcasing its strongest performance over the last three calendar years. November sales have crossed the 300,000 threshold for the sixth month in a row, and estimates suggest wholesale volumes for the passenger vehicle segment will peak at 3.7-3.8 million units in 2022.

With the drive towards sustainable mobility and electrification, the year 2023 will offer exciting possibilities for innovation and growth. Consumer eagerness is at a high, and we must continue to be in touch with their emerging aspirations to make the best of this opportunity. As we stand at the cusp of a new year of growth, it seems like an appropriate time to take stock of our past victories and chart a roadmap for a successful future.

A look back