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Auto volumes likely to pick up in June, tractors to lead sales

Automobile players are likely to report a mild sequential growth in their volumes for the month of June 2020. Volumes, however, are likely to be lower than the last year’s levels across segments, except for tractors. According to brokerages, the tractor segment is expected to outperform the larger automobile space in FY21. Tractor demand is strong due to positive rural sentiment led by higher crop yield, high reservoir level, easy finance availability and higher purchases from the government. "Mahindra & Mahindra and Escorts are expected to grow at 14% and 13%, respectively, in the domestic market," brokerage Emkay Global said.

Read More at Moneycontrol News date : 30 Jun 2020, Tuesday

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