Auto demand hit is temporary: IV Subramanium, Quantum Advisors

IV Subramanium, CIO, Quantum Advisors, in a chat with ET Now, gives his views on auto sector


Do you expext auto demand to be hit to due fuel price hike?

It is most likely to be temporary in nature, so I do not think you will find that dramatic fall or a continuous fall in the car demand. We have had fuel price increases in the past as well. People tend to postpone it by a month or two not beyond that. As long as the income generation levels are good or the income growth is good, demand would come back. At this point whether you look at the farm income or the industrial wage income, things do not look so bad. They will be able to manage it after some amount of slowdown, people will go back to consuming.