Tractor manufacturers, global suppliers to outperform in Q2

In the domestic market, passenger vehicle makers are in a better position as compared to two wheeler companies

While auto sales are gradually picking up with the unlock process across states, the Street believes that a full recovery in volumes last seen in March 2021 will start with the festival season at the end of August. Within the consumer segments, the recovery for car makers will be faster than two wheelers. Jinesh Gandhi & Vipul Agrawal of Motilal Oswal Financial Services believe that  2W volumes may remain weak, while PV demand is expected to recover faster on the back of personal mobility preference, supported by low inventory of 10-20 days. 

In addition to the need for personal mobility,