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Quote on El Nino`s effect on Auto Sector By Ashwin Patil, LKP Securities
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Below are Quote on the auto sector from Ashwin Patil Senior Research analyst at LKP Securities.
It is a slightly positive prediction for the Auto sector. But the normal range according to the weather experts is between 96-104%, while IMD has predicted it at the lowest end of this range which is 96%. So it shows cautiousness. It can go either way. So nothing to rejoice at this point in time. Will have to wait and watch when the El Nino sets in in the month of July. However, any positive risk to this prediction shall assist rural demand and thus two wheelers, tractors and small car sales in FY24
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