ECONOMY

Auto OEM Monthly Preview – Losing Momentum, Two-Wheelers Worst Hit: Dolat Capital

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Given the unprecedented surge in number of Covid-19 cases and lockdown in many cities, we expect April 2021 dispatches to decline steeply month-on-month (two-wheeler down 12% four wheeler down 10%, commercial vehicle down 40% YoY, tractor down 18%) as festive (Gudi Padwa and Navratri) and marriage season demand were severely hit.

Next month volumes are also likely to decline significantly as Covid-19 cases are skyrocketed and also impacting rural income and demand.

Footfalls and enquiries were down 40-50% month-on-month.

Moreover, supply chain issue is also disrupting production of many original equipment manufacturers.

Click on the attachment to read the full report:

Dolat Capital Auto OEM Monthly Preview – April_21.pdf

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