Budget 2021 | Focus areas for scripting auto sector’s recovery story India’s automobile industry has the potential to be the third-largest auto market in the world, and an important pillar for India to become a $5 trillion economy — Budget reforms will play a key role in it Pramod Achuthan Representative image COVID-19 impacted every single industry. The Indian automobile sector, which was already facing an unparalleled slowdown, was further atrophied due to the pandemic and subsequent localised lockdowns. Carefully and cautiously, the auto sector is recovering and looks forward to Budget 2021 with anticipation of support and focus from the government, to help it sustain and strengthen its recovery.