Its production declined for the third consecutive year in financial year 2020-21 (FY21) to an 11-year low, while sales volume contracted for the second year to the lowest since FY15. The company manufactured around 1.08 million vehicles last fiscal, a decline from 1.17 million the previous year, and a steeper fall from its all-time high tally of 1.62 million reported in FY18.
Needed: Speedy implementation of infrastructure related projects and liberalisation of private sector participation in the infrastructure sector.
Indian software companies have a huge potential to grow. And investors are likely to reap advantages of the same.
