Analysts expect a bumpy ride for auto stocks

The pick-up in demand was, however, was not reflected at the bourses with the Nifty Auto index slipping 9.5% during this period

Auto-makers have recorded a healthy sales numbers in the first half of calendar year 2018 (CY18) with all the three segments – passenger vehicles (PVs), two-wheelers and commercial vehicles (CVs) witnessing double-digit growth, as compared to the same period last year. 

While sales volume in the PV segment grew 13 per cent year-on-year (y-o-y) in H1CY18, growth in the CV and two-wheeler segment stood at 39 per cent and 20 per cent respectively, data shows.

This pick-up in demand was, however, was not reflected at the bourses with the Nifty Auto index slipping 9.5% during this period, as compared to