Nifty Auto is doing was Nifty IT was doing in April i.e. hanging on to the top as the fundamental floor falls apart. Latest in Auto is the flop-show of Ganesh Chaturthi retails, particularly in 4-Wheelers. No festive uptick at all, in fact its running lower than last few months

A 🧵to understand where do we stand in current auto cycle. Let us start with passenger vehicles. Passenger Vehicles: 📌From 2006 as base, in terms of number of units sold, the segment did a peak long term CAGR of 8.9% in 2018 and topped out in 2018 with continuous 3 year