Further ease in lockdown, attractive financing schemes, and expectations of normal monsoon could support automobile companies to build-on the demand recovery seen in May, and post improved sales figures on a monthly basis for June 2020, believe analysts.
“The Auto sector has been among the best performing sectors in recent months. This is attributed to the kick-start of the recovery process post the lifting of the lockdown. We are witnessing quick recovery in tractors, followed by two-wheelers and passenger vehicles, but commercial vehicles’ segment is yet to see any recovery,” wrote Jinesh Gandhi and Vipul Agarwal, research analysts at Motilal