Auto Q4 result review: Stable demand, rural recovery drive growth; What to expect going ahead3 min read 02 Jun 2023, 03:40 PM IST
The management of most automobile companies indicated a stable raw material trend in the near term. For slowing exports, they see initial signs of recovery in some of the markets, while most of the OEMs expect the broad-based recovery to only happen in H2FY24.
The corporate earnings for the quarter ended March 2022 remained healthy despite headwinds on the global front. The profitability of India Inc. remained strong during the quarter driven by financials and automobile companies.
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