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COVID continues to challenge auto industry; medium term outlook encouraging

Auto majors are going through some tough time and a slowdown in demand is seen due to the impact of the second wave of COVID-19 across the country, affecting movement of customers and smooth operation of dealerships

June 02, 2021 / 10:09 AM IST
COVID continues to challenge auto industry; medium term outlook encouraging

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Auto majors are going through some tough time and a slowdown in demand is seen due to the impact of the second wave of Covid-19 across the country, impairing movement of customers and smooth operation of dealerships. On a sequential basis, the numbers across segments have been disappointing and have dipped by more than 50 per cent. On a year-on-year (YoY) basis, the numbers look very strong due to the low base of last year as, unlike last year, there...

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