The auto industry may not have begun FY22 on a robust note with state-mandated lockdown announced by most states which resulted in locked showrooms. But auto companies are gearing up for a strong rebound in demand after reopening of the economy post June. More on this later in the copy but here is a complete list of all the important developments of the week in the auto space.
Mahindra goes full throttle on products
SUV specialist Mahindra & Mahindra will launch 23 new products across passenger and commercial vehicle segments in addition to 37 tractor models by 2026.
The Mumbai-based company has lined up capital expenditure (capex) of Rs 12,000 crore for new product launch, upgrades of existing models and new variant over the next five years.