The domestic auto sector may witness a demand cycle recovery over the next two to three years, supported by strong macroeconomic stimulus measures such as the upcoming Pay Commission salary revision, income-tax rate reduction, and interest rate cuts, highlighted a report by Incred Research.
Mumbai (Maharashtra) [India], August 24 (ANI): India Ratings and Research (Ind-Ra) said on Tuesday the domestic auto sector can continue to face supply chain headwinds, especially due to semiconductor chips shortages, over the remainder of FY22.