Auto Industry - Cost Pressures Ahead To Hit Margins: Nirmal Bang
Cars and trucks travel down a highway at dusk. (Photographer: Waldo Swiegers/Bloomberg)  

Auto Industry - Cost Pressures Ahead To Hit Margins: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

We initiate a new tracker – ‘Auto Meter’, which will track certain high frequency indicators related to the Auto industry.

Data for February 2021 indicate that 57.7% of the indicators were in the positive territory, similar to January 2021, but down from 65.6% in February 2020.

The YoY deterioration in reading in February 2021 is on account of inflationary pressures across all commodities.

Click on the attachment to read the full report:

Nirmal Bang India Auto Meter- Auto Sector Update-9 March 2021.pdf

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