Auto industry seeing stability; demand to remain slow for next 3 months: Chirag Jain, SBICap
  • WebDesk BTVI
  • Jun 28 2019

Chirag Jain, Auto Analyst at SBICap Securities, discusses the situation in the auto industry. Jain says the demand for both four wheelers and two wheelers have picked up in June as compared to May, and adds that while the market has not made a recovery, it is stabilising in the retail front. In terms of wholesale numbers, he says June and July are seasonally weak months but the sales would likely pick up September onwards.