Pre-budget expectations/outlook :
“2020 was certainly a challenging year for the auto industry and we are hopeful that the notable rebound in demand showcased by the market over the last quarter will be complimented by additional budgetary measures to further stimulate the demand. These measures combined with the optimistic market sentiments generated by the start of COVID vaccinations, should help the automotive market register double digit growth in the upcoming fiscal year. We are confident on the outlook for the upcoming budget and are certain that the Government of India will support the industry.”