Global recovery in PV production amid easing supply side issues and seasonality is expected to help auto ancillaries with global presence like Motherson Sumi and Apollo Tyres to outperform its peers in Q3FY22. Balkrishna Industries and Minda Industries are expected to report stable performance on a QoQ basis amid healthy demand prospects while Bharat Forge is expected to report QoQ decline amid management guidance of deferred supplies towards its automotive customers. The ancillary pack is seen posting ~8% QoQ sales growth with margins up 20 bps to 11.7%....