Tuesday, May 24, 2022

New Year 2022: Automobiles industry has high hopes from the new year 2022, know the opinion of companies

New Delhi, Auto Desk. New Year 2022: This year was full of ups and downs for the automobiles industry, where a number of great vehicles were launched in the Indian market, while the lack of semiconductor chip at the global level affected production. The industry also faced a lot of troubles due to the increase in raw material prices. In such a situation, the auto industry has high hopes from the new year 2022. Companies expect the coming year to be a better one for them.

Maruti Suzuki India statement

RC Bhargava, President, Maruti Suzuki India expressed hope that 2022 will be better for the industry than 2021. He said that this year, we have lost a lot of production due to shortage of semiconductors. I think the situation will be much better in 2022.

Statement of the Director General of SIAM

Rajesh Menon, Director General of SIAM, said that 2021 has been a very challenging year for the auto industry, I hope the coming year will be better for the auto industry. Friendly policies of the government like extension of FAME-II scheme till 2024, increase in incentives for two wheelers and launch of Production-Linked Incentive (PLI) scheme for auto and auto component sector around Rs 26,000 crore and PLI for advanced chemistry approx. The Rs 18,000 crore SAIL will provide huge support to this sector.

Tata Motors – Shailesh Chandra, President, Tata Motors, said, “We expect the coming year to strengthen demand for passenger ICEs and electric vehicles, even as the new year continues with concerns about semiconductor supply and higher input costs coupled with the uncertainties associated with Omicron.”

It is worth noting that the luxury car makers also have a lot of expectations from the upcoming year 2022, they also believe that the coming year will be better for them than this year.

FADA expressed apprehension

On the one hand, while the auto industry is expecting a better coming year, on the other hand, the association of auto dealers, FADA, has expressed apprehension that if there is a lockdown due to the increasing outbreak of new variants, then it will have a direct impact on the supply of vehicles. , which may further delay the delivery of the cars. However, the industry body has expressed hope that the shortage of semiconductor chips in vehicles may be overcome if the outbreak of corona virus remains low and lock-down is not imposed till the second half of next year.

Edited By: Atul Yadav

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