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Where to invest in auto sector as sales improve in July


The first quarter had proved to be painful for auto industry due to the nationwide lockdown and the sector registered ‘nil’ sales in April.

Reuters

July sales figures show there is light at the end of the tunnel for the auto sector as also the ailing economy in the midst of the uncertainty over the Covid pandemic.

While Mahindra & Mahindra’s farm equipment sector notched up the highest ever tractor sales for the month, showing good cash flows to farmers and higher rural spending by the government, the country’s largest carmaker Maruti Suzuki saw an increase in demand ...


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