💨 Abstract

The Indian automobile sector is projected to report weak fourth-quarter results due to weak domestic and global demand, as per a HDFC Securities report. Most original equipment manufacturers (OEMs) are expected to see slow growth, but operating margins could improve QoQ due to better operating leverage and lower raw material costs. However, some companies may face margin pressure due to auto expos costs, and the level of discounts may be lower compared to the previous quarter.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖