Quote on Auto sector outlook By Saji John,Geojit Financial Services
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Below is Quote on Auto sector outlook By Saji John, Research analyst at Geojit Financial Services
Increase in cost of the vehicle due to regulatory changes and lower rural participation on account of rising inflation and weak export dragging the overall outlook of the auto industry. Slow ramp up in electric mobility owing to a shortage in semi-conductors is further dampening the sector for new capacity expansion. We have a neutral stand on the sector, with a favourable outlook on CVs and tractors.
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