Automobiles Sector Check - Sales Continued To Face Headwinds In November: CareEdge Analysis
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CareEdge Research Report
The Indian automobile industry is facing headwinds like semi-conductor shortage, fear of spread of third wave of Covid-19 and steep increase in commodity prices.
The domestic automobile industry continued to grapple during November 2021 with the decline in sales by 30.6% on a YoY basis led by two-wheelers.
One of the main reasons that the industry continues to face headwinds is the global shortage of semi-conductors that has crippled the supply chain. This in conjunction with the floods in southern parts of the country, rise in input as well as fuel costs and relentless rains across various parts of the country have further restricted the recovery in growth during this period.
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