Auto Why you should not buy auto stocks now — ICICI Direct explains Updated : December 31, 2019 02:10 PM IST Auto sector is expected to witness a de-growth of 3.4 percent CAGR in FY19-21E. Industry volumes are expected to decline by 10.5 percent in FY20E and witness a modest recovery of 4 percent in FY21E. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.