“A COMPARATIVE STUDY ON INDIAN AUTOMOBILE SECTOR AS A WORLD LEADER DURING THE PRE AND POST-COVID ERA”
Keywords:
Cyclical stock, Price to Earnings Ratio, Automobile industry, Commercial Vehicles, Covid-19Abstract
Indias vehicle manufacturing is one largest market in the world. The sector can be categories into four major divisions; they are two-wheelers, three-wheelers, traveler vehicles, and commercial vehicles. Two-wheelers and traveler vehicles control the Indian auto sector as contribute 81%and 13% of gross auto turnover (in units) correspondingly. India is now the fourth largest automobile arcade in the world, the largest industrialist of two-wheelers, and seventh largest in commercial automobile manufacturing capability in all countries. Presently, in COVID-19 circumstances, this sector has shown good recovery and regained the progress track rapidly. The present pandemic casts a big cloud over a predicted minor recovery in the auto industry. The demand for automobiles is directly connected to the economy. The stocks of the auto sector are riskier than others. So, these stocks are cyclical. Cyclical stocks are generating high returns when the economy is performing well. This study tried to show the financial result of the automobile sector and its performance in the share market.
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