Near term volume and margin concerns for Automobile and Tyre companies. Incessant rains have caused the worst floods in a century in Kerala, resulting in death of over 350 people and displacement of 800,000 people. Government estimates damage to over 50,000 houses, over 70,000 kms of roads and 30,000 hectares of agricultural land. This is a major disaster and would impact several businesses. In the Automotive sector, near-term sales volume is likely to be impacted across segments (Kerala accounts for 8%, 5%, 4% and 3% of volume in PV, 3W, 2W and CV, respectively). In the Tyre sector, lower natural rubber...