Experts, and recent research reports, have painted a positive outlook for the sector in the near future as well.
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The auto sector, it seems, is on a roll now. Easing supply-side constraints, a pick-up in demand, and a fall in crude oil and metal prices— resulting in lower input costs—have all worked in auto manufacturers’ favour. It’s no wonder then that the Nifty Auto Index hit an all-time high a few days ago.
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