Weak April for auto sector; likely to rally from Q2 onwards: Naveen Dubey
  • WebDesk BTVI
  • May 02 2019

Naveen Dubey from Narnolia Financial talks about Q4 revenue of auto sector. On TVS Motors Q4 numbers, he says while the numbers were as expected, the margin slumped and failed to achieve a double digit growth. On Eicher Motors, he says the firm has reported a 17% decline in April along with shutting down a plant. Dubey adds that in the overall auto sector, OEMs are likely to go for some production cut in Q1 as the demand has fallen in Q1 before it rallies Q2 onwards.