When the GDP contrasted by -23 % in Q1, purchasing manager index data for manufacturing gave a rest to the market.
PMI indicators show the performance of manufacturing now is in a good position since the country went under lock-down.
Auto components up in demand. Maruti’s company domestic sales of passenger vehicles grew shows good numbers as compared to the previous year.
Escorts and Mahindra & Mahindra Company presented a strong tractor sales numbers, which grew significantly in August 2020 as compared to the previous year.
In the coming festive seasons, the demand for cars, tractors, and other farming appliances is going to be more. A good monsoon will also help the rural sector to grow.