Auto sector’s Q3 recovery could be marred by increased cost of inputs
The sector faces headwinds in the form of higher input costs due to the sharp increase in steel prices
The auto sector is accelerating ahead due to a decent festive season show in Q3. Volumes were steady in Q3 across segments. However, passenger vehicle (PV) and tractor sales stood out while rural growth remained healthy. That should see the auto sector post revenue growth in the mid-teens.
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