It was a sense of déjà vu for the automobile sector in May as Covid second wave swept across the country, once again triggering state-wise and localised lockdowns. Owing to this, automobile companies posted extremely muted sales figure, with high double-digit month-on-month (MoM) decline across segments. This was for the second straight month that the auto sales figures took a hit and analysts expect volumes to remain subdued in June too amid Covid-led disruptions. But will this phenomenon last long? Analysts tracking the sector expect the pent-up demand story to play out from the second quarter of the financial year 2021-22 (Q2FY22) as states unlock. Furthermore, pick up in vaccination pace also holds the key for a revival in the auto space, they said.
he signed thousands of vetoes as lawmakers left for the holiday without passing the budget. an incredible photo. of course the governor is blind. the detroit news. auto sales outlook weakens. the wall street journal france and germany remain on different sides how to handle europe s economic future. the chemistry between merkel and the prime minister. same picture on the front page of the new york post this morning. incredible photo. we talk to the editor in chief john harris. he has two politico exclusives. good morning, jim. hey, good morning. john, excuse me. that s all right. the jobs report is coming out today. top level officials worried about the fallout. you guys are reporting on the scramble inside the white house. tell us about it. very much a scramble inside the white house and elsewhere