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Showing posts from August, 2019

What's bugging auto sector in India

To start with the post and to build some context, let's start with the story. In 1928, an American boxer who went by the name of James J Braddock pulled off a major upset by beating Tuffy Griffiths. He got an instant fame but down the years owing to injuries in his right hand, suffered losses. With his family in poverty, he was resorted to menial jobs during great depression where he worked with his left hand. Eventually his left hand became so strong that he returned to boxing only to pull off another major upset by beating Tommy Loughran. This story is also on the similar context where auto sector pulled of Tuffy Griffiths moment post 2008 sub prime mortgage crisis where it grew phenomenally. Let's have a look at NIFTY auto index from the period May 2018 to present. Source: Link   Now straight away jumping to Great Depression era of James J Braddock in auto sector, we observe that there has been a fall of ~40% in the index. For the folks concerned about