Once a top wealth creator, analysts see no end to this sector’s woes

With the coronavirus pandemic spreading across the country, the auto pack, which was already reeling under a lot of pressure due to demand slowdown, is likely to see tougher days ahead, as the sector grapples with the worst slowdown in four decades. BSE Auto index has eroded 37.41 per cent value for the year to date, while Sensex has shed 26.40 per cent. The auto index had given negative returns during 2018 and 2019 as well, while Sensex logged gains during those years. Since 2001, the auto index has declined only on four calendar years. 

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