Everyone is reporting a slowdown in auto sector and that’s the fact. The industry has slown down.
But here is an opportunity!
Opportunity in Auto sector and Infra/ Cements as well.
Check out the below stat from World Bank (source – Spectator Index)
Cars per 1,000 people.
US: 837
Australia: 747
Italy: 695
Canada: 670
Japan: 591
Germany: 589
UK: 579
France: 569
Malaysia: 433
Russia: 373
Brazil: 350
Mexico: 297
Saudi: 209
Turkey: 199
Iran: 178
South Africa: 174
China: 173
Indonesia: 87
Nigeria: 64
India: 22
(World Bank)
In 2009 this figure was 8 cars per 1000 people. In 10 years we have grown from 8 cars per 1000 to 22 cars per 1000.
Do comment and leme know your thoughts and insights!