New Delhi, June 30 -- India's automobile sector is likely to remain on a strong footing in the coming quarters, as demand has remained resilient despite the hike in petrol and diesel prices. In addition, easing commodity costs are expected to provide much-needed relief to automakers' profit margins, according to a report by Kotak Institutional Equities.

The brokerage said that demand across key vehicle segments has remained robust despite recent fuel price hikes and geopolitical uncertainties, indicating healthy underlying consumer sentiment.

"Demand remains resilient despite geopolitical concerns," the report said, adding that "despite fuel and vehicle price increases amid geopolitical uncertainty, demand has remained resilient, as ret...