Nirmal Bang: Hormazd Sorabjee Optimistic About The Auto Industry With Caution
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Nirmal Bang Report
We hosted an investor call with Mr. Hormazd Sorabjee (Senior Editor and Auto Journalist at Autocar India) to get his views about the current state of affairs in the Auto industry in India.
Given below are the key takeaways from the interaction -
It has come as a surprise that the industry has bounced back with a V-shaped recovery and swelled up in the run-up to the festive season spread over October to November. Recovery also looks better because of a low base.
Post opening up of the lockdown, there has been some revenge buying. People have saved money during the lockdown and want to spend now on products like cars.
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