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Festivity brings cheer to auto makers

Passenger cars and two-wheelers are cruising at a fast pace

November 03, 2020 / 12:54 PM IST
Festivity brings cheer to auto makers

Representative image

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

Like in September, auto makers remained in top gear in October too, with most of them seeing strong growth. The encouraging numbers came on the back of a shift towards personal mobility, positive sentiments across rural and semi-urban areas and a heightened expectation of a strong demand during the festive season. Segment wise, passenger vehicles (PV), two-wheelers (2W) and tractors did phenomenally well with auto makers continuing to pump channels ahead of the festive season as they see strong demand...

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