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This Article is From Sep 29, 2021

Auto, Auto Ancillary Conference Takeaways - Chip Shortage Impact PV, Green Shoots Seen In CV: Dolat Capital

Auto, Auto Ancillary Conference Takeaways - Chip Shortage Impact PV, Green Shoots Seen In CV: Dolat Capital
Employees move a crate of vehicle doors on the assembly line for the Mahindra & Mahindra Ltd. sport utility vehicle at the company's factory in Chakan. (Photographer: Kuni Takahashi/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.

Dolat Capital Report

We hosted management and experts from auto and auto ancillary ecosystem at our virtual conference. Key takeaways were as follows:

  1. although retail demand is improving in tandem with recovery in the economy, semiconductor shortages are hampering the production of passenger vehicles and premium bikes;

  2. green shoots can be seen in commercial vehicle segment with increasing traction in multi axle vehicle, tipper and internal combustion vehicle along with recovery in freight rate;

  3. overall rural sentiment is positive and increase in spending power to boost up the overall consumption;

  4. tractor demand is weak, high channel inventory and rising tractor prices are key laggards;

  5. raw material inflation continues to impact near term margin.

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.

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