7. Automobile Sector ✅

Automobiles are one of the discretionary items and vehicles sales will largely depend on consumer sentiments. 

• During the first wave, the sector witnessed a steep decline in sales except for tractors that continued to experience solid growth. 
• Now, amidst the uncertain situation, consumer sentiments remain weak and the demand for non-essential items is likely to fall further. The recovery of the sector depends on how fast countries can bring the next waves under control.