Auto Auto sector Q2 preview: Volumes recover supported by wholesales ramp-up; margin expansion likely Updated : October 20, 2020 05:17 PM IST While volumes for Tractors are growing on a YoY basis, two-wheelers and PV volumes are at 90– 110 percent of last year’s levels. On the operational front, after eight straight quarters of YoY decline in EBITDA margins, Q2FY21 could potentially mark the beginning of the margin recovery phase, brokerage Motilal Oswal said. 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.