Auto We are mid-way in the slowdown for two-wheelers and passenger vehicles, says Edelweiss report Updated : August 16, 2019 03:47 PM IST Edelweiss analysis on auto stocks for the past 20 years’ demand cycle indicates that the sector is currently in the middle of a down cycle. High High Goods and Services Tax (GST), low demand and various other macro concerns have dragged the auto sector to 5-year lows. The brokerage further said, “We are mid-way in the slowdown for 2W (two-wheelers) and PV (Passenger vehicles) with Q1FY20 being the first quarter of sharp sales dip." 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.