Mahantesh Sabarad's outlook on August auto sales

Car sales in India fell for the first time in 10 months in August to 10 per cent. Automakers sold 118,142 cars in August, down 18.6 per cent from a year ago, according to data released on Monday by SIAM. Mahantesh Sabarad, Senior Vice President - Equity Research, Fortune Equity Brokers shares his view on the same.