Indian auto sector to see stronger growth in 2021: Nomura
Global brokerage firm Nomura expects India's auto industry to register stronger growth next year. The personal vehicle segment, however, will recover to pre-COVID-19 levels only in 2023-24, the brokerage said. The auto industry faced an unprecedented challenge owing to the pandemic during the first half of 2020-21, Automotive Component Manufacturers Association (ACMA) had said.