 "Mahindra & Mahindra")
The automotive industry had a difficult time since the pandemic. While supply-chain issues have persisted, the boom in commodity prices led to higher raw material costs as well. In addition, weak rural and semi-urban demand led to downturn in domestic tractor and two-wheeler sales.
The first quarter of 2022-23 (FY23) has seen more optimism across the sector. The tractor segment in particular could see revival in demand and better volumes.
Automobile companies are still suffering from chip-sourcing issues which exacerbated after the Russia-Ukraine stand-off, but expect these shortages to start easing in the second half of the financial year. Commodity
