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This Article is From Sep 02, 2021

August Auto Volumes Update - Muted Performance Across Segments: IDBI Capital

August Auto Volumes Update - Muted Performance Across Segments: IDBI Capital
Light trails created by vehicle traffic at night (Photographer: Patrick T. Fallon/Bloomberg)  
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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.

IDBI Capital Report

In August 2021, overall Indian auto industry struggled to recover due to various factor's impacting industry sub segment.

Passenger vehicle segment reported muted performance primarily owing to semiconductor shortages globally despite demand bounce.

Domestic two-wheeler market continues to exhibit weakness as the two-wheeler industry struggling to recover post Covid-19 lockdown.

Tractor segment reported a drop in volumes due to higher base effect and unevenly distribution of rain while commercial vehicle segment reported volume recovery primarily due to lower base and higher Infra spending.

Click on the attachment to read the full report:

IDBI Capital Automobile Monthly Sales Update August 2021.pdf
VIEW DOCUMENT

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.

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