scorecardresearchAutomobile sector set to tap economic revival; capex likely to cross $3b in FY23: Report

Automobile sector set to tap economic revival; capex likely to cross $3b in FY23: Report

Updated: 22 Jul 2022, 10:00 AM IST
TL;DR.
  • Brokerage firm Nirmal Bang expects Q1FY23 earnings of auto and auto ancillary companies in our coverage universe to grow significantly over a lower base of Q1FY22.
Auto sector's volume in Q1FY23, as per Nirmal Bang, is expected to post a broad-based recovery across segments on a low base of 1QFY22.

Auto sector's volume in Q1FY23, as per Nirmal Bang, is expected to post a broad-based recovery across segments on a low base of 1QFY22.