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Preference for personal mobility and demand across urban and rural markets will be positive for PVs and 2Ws.
Auto volumes to grow in double digits: Ind-Ra ANI | Updated: Mar 12, 2021 13:52 IST
Mumbai (Maharashtra) [India], March 12 (ANI): India Ratings and Research (Ind-Ra) on Friday revised its outlook for the auto sector to improving for FY22 from negative on account of a likely revival across segments aided by positive consumer sentiments amid macroeconomic tailwinds as the economy recovers from Covid pandemic.
Ind-Ra expects auto volumes to rebound at 16 to 20 per cent year-on-year in FY22 after recording an estimated decline of 14 to 18 per cent in FY21.