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Only 10% tied to revenue growth. 90% on other factors including quality and EV growth. Seems like it would be same story next year also
Yez, I think som
Automobile business is a pure cyclical business , that's how it will be.
Just try to check how it was 5 years ago.
Even in India check the car of the year for last 10years
Even tata and mahindra have started to see light in last few years, tata was every one's choice in 21-22, may be a little in 23, now it's all mahindra, 2years later it can be hyundai or maruthi.
Guess what will happen in 2025 end ?
I believe it will be more or less same.. maybe by 26 end it would be a bit of hope. Also, this will increase attrition rate.