Automobile Industry

Subdued sales, Q3 results dent auto stocks

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"The overall performance has dipped on a YoY basis which indicates the struggle the sector is going through on account of continuing negative factors like financing availability, pricing and cost of finance the past few months. These conditions have shown some improvement, which has resulted in the month on month trend showing a significant positive movement, which indicates improvement in sentiments as well. With RBI relaxing interest rates by 0.25 per cent, we can expect to have a positive improvement.

These conditions have shown some improvement, which has resulted in the month on month trend showing a significant positive movement, which indicates improvement in sentiments as well. With RBI relaxing interest rates by 0.25 per cent, we can expect to have a positive improvement."

Sridhar V
Partner, Grant Thornton India LLP

This article appeared in Sify on 09th February, 2019