For a quite long period Indian auto industry is in bearish mood and experiencing recession. This situation is even made worse by corona pandemic but experts are hopeful that pandemic effect will increase use of personal vehicles and also next economic boom after pandemic will bring good days for auto industry.
It been a long time auto industry was on driving seat also it is a back bone of Indian economy. Current situation is mainly because of internal as well as external economic slowdown. Things are not cleared yet but things neither change in night also. Indian market still in under performing stage when we compare it to the rest world. Indian GDP stands at 2 trillion where as China and USA are almost 5 times and 10 times bigger respectively.
In this pandemic world has experienced and felt trust in India because of some of the decisions from bringing home nationals to helping out other countries in this hour of need. India always showed big heart so does this time also. So after pandemic stage India will be definitely offered bigger role by world. Which will boost India's economy. Followings are the ace companies in the auto ancillaries sector. Over the period they have performed exceptionally well but due to weak market demand these are under stress. These are all profit making firms just because of situation these are hovering near their lowest any good news for long period will definitely can trigger rally to new high.