November sales data indicates no recovery in the auto sector just yet
Updated : December 02, 2019 01:39 PM IST
The auto sales data for November indicates that although there are some minor green shoots, there is no durable recovery in the sector just yet.
Even in the two wheeler space, market leader Hero MotoCorp saw a 15 percent YoY fall in sales to 5.16 lakh units, indicating no recovery in sight.
In an ominous sign of things to come, there are bigger headwinds for the sector over the next few months.
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