Automotive Industry

Ind-Ra revises auto sector outlook for FY’21, Auto News, ET Auto

By Coletta Tolan 12 months ago

Contrary to general perception, Ind-Ra does not expect any meaningful pre-buying as OEMs have already started launching their BS-VI variants and reduced production of BS-IV variants, to manage inventory pile-up.
Opposite to common notion, Ind-Ra does not be expecting any significant pre-getting as OEMs have now commenced launching their BS-VI variants and minimized generation of BS-IV variants, to manage stock pile-up.

New Delhi: India Ratings and Investigation (A Fitch Team Business) on Tuesday explained it has revised the outlook on auto sector to negative from steady next weak profits expectations amid macroeconomic headwinds, main to weak purchaser sentiments.

Additionally, sector-precise things such as an unsure regulatory ecosystem, constrained credit rating availability and elevated value of possession soon after Bharat Stage (BS) – VI implementation will incorporate to negative purchaser sentiments, the score agency explained.

In conditions of overall domestic profits, Ind-Ra expects flat-to-lower solitary-digit progress in FY21. It expects passenger car profits to develop two for each cent -four for each cent YoY, although industrial car to drop at 5 for each cent – seven for each cent YoY. The

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