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.
Motilal Oswal Report
The Navratras starting from October 07 to 15 marked the start of the festival season and important season for automobile retail sales.
We interacted with leading industry channel partners to understand the demand trends for the passenger vehicles and two-wheelers are panning out.
Passenger vehicle demand continues to remain strong but remains affected due to supply side constraints. Two-wheeler retails remains tepid due to high total ownership cost and cash crunch in the prime customer segment of the society.
Registration data form Vahan for Navratras (excluding Dusshera) confirm the above trend.
While two-wheeler retails in Navratras-21 have declined by 18% compound annual growth rate (versus Navratras-19 versus 18% decline YoY); passenger vehicle retails recovered to FY19 levels while declined by 24% YoY. The decline is mostly to semiconductor shortage.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
