After a record-breaking festive start for the automobile industry, experts are weighing in on whether the sector can maintain its momentum on Dalal Street.
The latest report from the Federation of Automobile Dealers Associations (FADA) shows historic sales during Navratri, backed by strong demand and the recent GST rationalisation. However, analysts believe that while the short-term growth looks impressive, the auto rally may soon stabilise as pent-up demand fades.
Dharmesh Kant, Head of Equity Research at Chola Securities, said that the current spike in auto sales needs to
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