Whalesbook
A new analysis by Incred Research predicts a strong demand recovery for India's automobile sector over the next two to three years. Key policy measures, including GST cuts on certain vehicles, potential income tax reductions, interest rate cuts, and salary revisions from the 8th Central Pay Commission, are expected to boost consumer income and lower costs. Despite a recent pause, the sector's outlook is positive, with Incred Research reiterating an "Overweight" rating.