To be sure, a low-base effect before the GST cuts would mean auto sales volume growth for most companies is likely to look good till September. But looking beyond the GST cuts and monthly volume updates, CV companies may be better placed than PV companies due to two key factors. One, limited competition in terms of number of companies, and two, CV replacement demand is more of a necessity than choice.
Fabulous February for auto sales. Which segment is better placed: CVs or PVs?
