Auto industry chases the monsoon, but analysts are less optimistic

Auto industry chases the monsoon, but analysts are less optimistic

Covid-19 has ravaged rural India, sapping its once rising purchasing power, but auto companies with high dependence on the region, including Hero MotoCorp, Mahindra & Mahindra (M&M) and Maruti, don’t see such a bumpy road ahead. Each of these compa­nies draw over a third of their sales from the rural markets. They are banking on … Read more