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Auto Stocks Outlook: Seen up next wk on demand boost post income tax relief

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Auto Stocks Outlook

Seen up next wk on demand boost post income tax relief

This story was originally published at 20:43 IST on February 1, 2025  Back
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Shares of automobile and auto ancillary companies are expected to rise more next week on expectation of a boost in demand for the sector after the government announced salaried people earning up to INR 1.2 million will be exempted from paying income tax. This tax rebate by the government is expected to revive urban consumption, which has been sluggish in recent months, analysts said.

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