New Delhi: India's automobile sales are likely to get near-term support from inventory build-up ahead of the festive season, but growth rates may ease thereafter as the industry moves against a high base, JM Financial Institutional Securities said in a sector report.
"We expect inventory build-up ahead of the festive season to support wholesale volumes in the near term, following which, growth rates are expected to normalise over a high base," the brokerage said in its automobile sector update.
