Innovating in pandemic, around a third of companies will have new products

Nearly half of companies surveyed were evaluating acquisitions, says PwC India report

An automobile company started offering electric vehicles to disinfect factories, malls and offices by fogging and spraying to prevent the spread of the coronavirus. It isn’t the only one with a new product range.

Around one out of every three companies expects to develop new products or offer new services as they recover from the coronavirus pandemic, according to a PwC India report released on Thursday. The audit and tax consultancy firm conducted an online survey of senior management personnel between 17 June and 10 July. There were 225 respondents across industries.

Many of those with plans to start something