Auto sector on recovery path with broad-based volumes and margins improvement: Motilal Oswal
Motilal Oswal in its report also stated that almost all the relevant OEMs and auto component players indicated that chip supplies are improving, with full normalcy by mid-CY23. However, the major concern is the continued increase in working capital (due to inventory) which led to an increase in net debt in 2QFY23 for auto companies.
