APN News

  • Thursday, December, 2020| Today's Market | Current Time: 01:56:52
  • Year end statement from Mr. Sunil Bohra, Group CFO, UNO MINDA Group

    Published on December 31, 2020

    Mr. Sunil Bohra, Group CFO, UNO MINDA Group

    “2020 has been a roller coaster ride with the Global economies witnessing its worst phase in many decades. India too saw an unprecedented change in consumer behaviour. Technology took centre stage. The adoption of technology during the pandemic due to social distancing norms was a big change.

    And now with the easing of restrictions and steps being taken to revive the economy, the economic clock has started ticking in the upward direction. The last few months have been very encouraging for the auto sector and the recent festive season has given a significant push towards growth.

    We expect 2021 to be a year of hope and optimism. Strategic long-term government plans and policies will play a key role in reviving the market and regaining customer confidence. The industry may witness a sharp recovery, as a clear sign of revival was noted in the past few months. With OEMs planning a slew of launches in 2021, it is a positive sign and will boost confidence among customers, giving a much-needed push to the automobile ecosystem.

    At Minda Industries, we are making all possible efforts to sustain the momentum, focussing on product development, offering best service to our OEM partners and following the government’s Covid regulations and restrictions. We are already operational across manufacturing lines, operating close to or better than pre-Covid levels and all set for the post-Covid era.