COVID-19 hits passenger vehicle exports; shipments tumble 39 % in FY21
The Hindu
Industry tried its best to catch up in the second half of the fiscal.
Passenger vehicle exports from India declined by 39 % in the last fiscal as disruptions caused by COVID-19 pandemic put brakes on the overseas shipments. Most of the damage was done in the first six months of the last fiscal when pandemic-led lockdowns and other logistics, supply chain issues impacted the export of vehicles. Industry tried its best to catch up in the second half of the fiscal when things became relatively better but could not match up to the FY20 performance.More Related News