ADVERTISEMENT
Why ICICI Prudential Mutual Fund Is Betting On Auto Sector — BQ Edge
ICICI Prudential MF’s Prakash Gaurav Goel is constructive on auto ancillaries, incumbent two-wheeler and passenger vehicle makers.
17 Mar 2022, 06:06 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
![NDTV Profit](/icons/timer.svg)
![<div class="paragraphs"><p>A man gives the thumbs-up from a car. (Photographer: Karel Navvaro/Bloomberg)</p></div>](https://media.assettype.com/bloombergquint%2F2022-01%2F1b88418a-8522-466a-bc9b-3a8e360443b8%2Fthumbs_up_image.jpg?rect=0%2C0%2C2047%2C1151&auto=format%2Ccompress&w=200)
A man gives the thumbs-up from a car. (Photographer: Karel Navvaro/Bloomberg)
ICICI Prudential Asset Management Co., India’s second largest mutual fund, is betting on a rebound in India’s automobile sector after a washout 2021.Weak credit creation due to balance sheet issues of financing partners, Covid-19 related demand shocks, chip shortage, regulatory changes such as the transition to stricter emission norms and higher pricier on account of a surge in commodity costs hurt affordability, Prakash Gaurav Goel,...
![](/images/white_gradient.png)
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
Access to
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
ADVERTISEMENT