 "car, auto, automobile, sales")
It was a sense of déjà vu for the automobile sector in May as Covid second wave swept across the country, once again triggering state-wise and localised lockdowns.
Owing to this, automobile companies posted extremely muted sales figure, with high double-digit month-on-month (MoM) decline across segments. This was for the second straight month that the auto sales figures took a hit and analysts expect volumes to remain subdued in June too amid Covid-led disruptions.
But will this phenomenon last long?
Analysts tracking the sector expect the 'pent-up demand' story to play out from the second quarter of the
