Why ICICI Prudential Mutual Fund Is Betting On Auto Sector — BQ Edge

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,...