Auto Sales Weak but Seasonal: Two-wheeler sales are slow due to monsoon impact; real demand expected post-August. Festive season will be key.
Macros Favor Recovery: Low rates, budget stimulus, solid monsoon, and soft commodity prices support revival; weak response could hint at deeper issues.
Segment Leaders Emerging: Tractors, CVs, and premium bikes are outperforming; AC sector remains a long-term growth story despite short-term pain.
Cautious Optimism: Macro strength is clear, but micro trends remain mixed. Diwali could unlock a broader rally if earnings and demand pick up.
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