ECONOMY

Auto Sector Update – Second Wave Of Covid-19 Hits Hard: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Regional lockdowns (in nine states) and the uncertainties due to the second wave of Covid-19 has led to a slowdown in the demand momentum in April 2021.

Passenger vehicles are better off on the back of a strong order book.

Supply-chain constraints are leading to lower inventories for passenger vehicles and tractors, leaving scope to replenish inventory in coming months.

Wholesales are expected to decline month-on-month due to the impact of Covid-19.

Our interaction with leading industry channel partners reflects caution.

Two-wheeler demand has been slowing, with inventory of 30-60 days at the dealers’ end, especially since the key marriage season and mini festive season were impacted due to Covid-19.

Click on the attachment to read the full report:

Motilal Oswal AutoSector Update.pdf

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