 "According to HDFC Securities, the demand for automobiles has been resilient even post the traditional Diwali sales.")
A sharp recovery in volumes across segments and leaner cost of operations due to cost-cutting measures are set to help auto companies post strong results for the December quarter of FY21 (Q3FY21), analysts believe. Moreover, pent-up demand, increased preference for personal mobility and strong rural sentiments have also helped revive the sector.
According to HDFC Securities, the demand for automobiles has been resilient even post the traditional Diwali sales.
"Sales for passenger vehicles and tractors continue to grow in healthy double digits and we expect the trends to sustain over Q4 as well. However, sales for two-wheelers have moderated. Commercial
