NEW DELHI : An anticipated revival in demand for passenger vehicles and two-wheelers this fiscal could be hit by pandemic-induced restrictions in Maharashtra and other supply-chain issues.Automakers, parts suppliers and dealers, especially of passenger vehicles, were expecting demand to bounce back to FY19 levels when the industry saw the highest-ever production and sales.
But an exodus of migrant labour, caused by lockdown measures in different parts of the state, could hit production and pull-down sales.Dealers are also expecting footfalls in showrooms to decline substantially due to the surge in covid cases.Passenger vehicle makers and their suppliers were aiming to produce around 4 million vehicles in FY22 on the back of strong retail.