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Motilal Oswal Asset Management Company Ltd. has been appointed as the Investment Manager to Motilal Oswal Mutual Fund by the Trustee vide Investment Management Agreement (IMA) dated May 21, 2009, executed between Motilal Oswal Trustee Company Ltd. and Motilal Oswal Asset Management Company Ltd.
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Motilal Oswal 5 Year G-Sec Fund of Fund (G) - 10.1439Motilal Oswal Asset Allocation Passive Fund of Fund – Aggressive (G) - 11.7321Motilal Oswal Asset Allocation Passive Fund of Fund – Aggressive-Dir (G) - 11.8289Motilal Oswal Asset Allocation Passive Fund of Fund – Conservative (G) - 11.2261Motilal Oswal Asset Allocation Passive Fund of Fund – Conservative-Dir(G) - 11.3233Motilal Oswal Dynamic Fund (Div-A) - 13.2245Motilal Oswal Dynamic Fund (Div-Q) - 11.45Motilal Oswal Dynamic Fund (G) - 15.5126Motilal Oswal Dynamic Fund-Dir (Div-A) - 13.5979Motilal Oswal Dynamic Fund-Dir (Div-Q) - 11.7933Motilal Oswal Dynamic Fund-Dir (G) - 16.6209Motilal Oswal Equity Hybrid Fund - Direct (G) - 16.469Motilal Oswal Equity Hybrid Fund - Regular (G) - 15.4642Motilal Oswal Flexi Cap Fund(D) - 23.5266Motilal Oswal Flexi Cap Fund(G) - 33.5828Motilal Oswal Flexi Cap Fund-Dir(D) - 23.7919Motilal Oswal Flexi Cap Fund-Dir(G) - 36.3054Motilal Oswal Focused 25 Fund - Direct (D) - 20.7538Motilal Oswal Focused 25 Fund - Direct (G) - 38.0256Motilal Oswal Focused 25 Fund (D) - 18.4091Motilal Oswal Focused 25 Fund (G) - 33.641Motilal Oswal Large and Midcap Fund - Dir (D) - 16.1563Motilal Oswal Large and Midcap Fund - Dir (G) - 17.3597Motilal Oswal Large and Midcap Fund (D) - 15.4301Motilal Oswal Large and Midcap Fund (G) - 16.5579Motilal Oswal Liquid Fund - Direct (Div-D) RI - 10.0077Motilal Oswal Liquid Fund - Direct (Div-F) RI - 10.0127Motilal Oswal Liquid Fund - Direct (Div-M) - 10.0577Motilal Oswal Liquid Fund - Direct (Div-Q) - 10.0736Motilal Oswal Liquid Fund - Direct (Div-W) RI - 10.0142Motilal Oswal Liquid Fund - Direct (G) - 11.57Motilal Oswal Liquid Fund - Regular (Div-D) RI - 10.0055Motilal Oswal Liquid Fund - Regular (Div-F) RI - 10.0123Motilal Oswal Liquid Fund - Regular (Div-M) - 10.0568Motilal Oswal Liquid Fund - Regular (Div-Q) - 10.0717Motilal Oswal Liquid Fund - Regular (Div-W) RI - 10.0211Motilal Oswal Liquid Fund - Regular (G) - 11.5065Motilal Oswal Long Term Equity Fund (D) - 19.6813Motilal Oswal Long Term Equity Fund (G) - 26.8996Motilal Oswal Long Term Equity Fund -Dir (D) - 23.751Motilal Oswal Long Term Equity Fund -Dir (G) - 29.7539Motilal Oswal Midcap 30 Fund (D) - 28.059Motilal Oswal Midcap 30 Fund (G) - 49.2231Motilal Oswal Midcap 30 Fund-Dir (D) - 29.3714Motilal Oswal Midcap 30 Fund-Dir (G) - 54.6391Motilal Oswal MSCI EAFE Top 100 Select Index Fund (G) - 9.5965Motilal Oswal Multi Asset Fund - Direct (G) - 11.1666Motilal Oswal Multi Asset Fund (G) - 10.8481Motilal Oswal Nifty 200 Momentum 30 Index Fund - Direct (G) - 9.4839Motilal Oswal Nifty 50 Index Fund - Direct (G) - 15.0908Motilal Oswal Nifty 50 Index Fund (G) - 14.9256Motilal Oswal Nifty 500 Fund - Direct (G) - 17.5448Motilal Oswal Nifty 500 Fund (G) - 17.2105Motilal Oswal Nifty Bank Index Fund - Direct (G) - 14.4396Motilal Oswal Nifty Bank Index Fund (G) - 14.1542Motilal Oswal Nifty Midcap 150 Index Fund (G) - 20.7457Motilal Oswal Nifty Midcap 150 Index Fund-Dir (G) - 21.1892Motilal Oswal Nifty Next 50 Index Fund - Dir (G) - 15.3941Motilal Oswal Nifty Next 50 Index Fund (G) - 15.1247Motilal Oswal Nifty Smallcap 250 Index Fund (G) - 19.9196Motilal Oswal Nifty Smallcap 250 Index Fund-Dir(G) - 20.3247Motilal Oswal S&P 500 Index Fund - Direct (G) - 15.4622Motilal Oswal S&P 500 Index Fund (G) - 15.2384Motilal Oswal S&P BSE Financials ex Bank 30 Index Fund (G) - 10.553Motilal Oswal S&P BSE Financials ex Bank 30 Index Fund-Dir (G) - 10.5572Motilal Oswal S&P BSE Low Volatility Index Fund (G) - 10.9343Motilal Oswal Ultra Short Term Fund - Dir (Div-D) - 10.2966Motilal Oswal Ultra Short Term Fund - Dir (Div-F) - 10.3218Motilal Oswal Ultra Short Term Fund - Dir (Div-M) - 10.3037Motilal Oswal Ultra Short Term Fund - Dir (Div-Q) - 10.4532Motilal Oswal Ultra Short Term Fund - Dir (Div-W) - 10.3088Motilal Oswal Ultra Short Term Fund - Dir (G) - 14.5899Motilal Oswal Ultra Short Term Fund (Div-D) - 10.1898Motilal Oswal Ultra Short Term Fund (Div-F) - 10.2023Motilal Oswal Ultra Short Term Fund (Div-M) - 10.1916Motilal Oswal Ultra Short Term Fund (Div-Q) - 10.3385Motilal Oswal Ultra Short Term Fund (Div-W) - 10.1948Motilal Oswal Ultra Short Term Fund (G) - 14.0344

Here is why last 2 years have been a rollercoaster for auto sector

Blog Blog Details
  • September 30, 2021
  • Shrey Loonker|
  • Senior Vice President
The worst could be over for the industry. Typically, automotive demand is deferred rather than destroyed. A healthy economic recovery can trigger a strong growth in the sector backed by pent-up demand

The last two years have been a roller coaster for the automotive sector that faced not one but multiple hurdles during the period and an unfortunate turn of events that further impeded recovery.

Fastest BS6 transition

India implemented BS6 norms from April 1, 2020, just three years after bringing in BS4 emission standards to reduce pollution. This made India the fastest country to successfully adopt and implement BS6 norms.

The automotive industry went through its own struggles to achieve this speedy transition, which included more use of precious metals like platinum group metals (PGM), higher electronic content and new technology to cut the tailpipe emissions.

This entailed a price hike of as high as 20 percent for two-wheelers and 3-4 percent for passenger vehicles—reasonably significant inflation that affected demand in the short term.

Covid strikes

After a successful transition to BS6 things were looking up but the coronavirus outbreak led to a nationwide lockdown from late March 2020, shuttering factories. One of the most stringent lockdowns in the world at that time took a toll on the economy, especially the lower and middle classes, further affecting demand.

Recovery and the second wave

India announced a series of measures, amounting to a around Rs 20 lakh crore, to shore up the economy ravaged by the outbreak. This led to a swifter than expected recovery, with passenger vehicle and two-wheeler segments reporting a 15 percent and 7 percent YoY average growth for Q2/Q3FY21.

This too, unfortunately, didn’t last long. The second COVID wave was furious, taking a huge toll on life, overwhelming India’s medical infrastructure and leading to a series of lockdowns.

The global recovery, however, was strong and so were commodities. While India struggled with the second wave, the global economy marched ahead, leading to a sharp rebound in commodity prices.

Steel and aluminium prices nearly doubled from March 2020, while rhodium was up three times as global demand for PGM increased due to stringent emission norms. This started hurting margins of Indian original equipment makers (OEMs) who were already up against weaker demand, leading to another round of price hikes.

Chip shortage, the final blow

As the second wave has ebbed, vaccination has gained pace and the economy is reopening. Pockets of growth are visible in passenger vehicles, premium motorcycles and even the commercial vehicle segment, perhaps one of the worst0hit in the auto segment, is expected to pick up as well.

However, the auto world, like other sectors of the economy, is now grappling with a shortage of semi-conductors, which has hit production, especially of PVs where the waiting period is now up to four months.

The shortage is the result of disruption of the supply chain, pent-up demand and a fire at one of the global semiconductor manufacturers.

While the near-term outlook is hazy with the sector grappling with multiple issues, it is reasonable to conclude that the present situation is as bad as it can get.

Typically, automotive demand is deferred rather than destroyed. Given how significantly aged the present fleet of mobility is, a confident revival of growth can lead to a strong catch-up in sales led by pent-up demand. India still has a strong runway to grow with ample penetration growth opportunities.

Disclaimer: This article has been issued on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this document is for general purposes only and not a complete disclosure of every material fact. The Stocks mentioned herein is for explaining the concept and shall not be construed as an investment advice to any party. The information / data herein alone is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions, figures, estimates and data included in this article are as on date. The article does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The statements contained herein may include statements of future expectations and other forward-looking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Readers shall be fully responsible/liable for any decision taken on the basis of this article. Investments are subject to market risks, read all scheme related documents carefully.

This article was originally published in Moneycontrol on 25th Sept, 2021

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