Automobile industry to find growth a bit more challenging this year: Mahantesh Sabarad

Auto sales are rising sharply due to the pent-up demand caused by the Covid effect, but many auto companies have not met expectations in terms of results. For the year ahead, the automobile industry may find growth more challenging, with a muted volume and profitability growth. On the other hand, electronic manufacturing services have seen strong growth, driven by the new PLI scheme and a sharp increase in demand for electronic components and items.