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This Article is From Jan 05, 2022

Automobiles Sales Check - Passenger, Commercial Vehicle Better Off In December: IDBI Capital

Automobiles Sales Check - Passenger, Commercial Vehicle Better Off In December: IDBI Capital
Maruti Suzuki’s Nexa and KTM showrooms in Lower Parel, Mumbai. (Photo: Sagar Salvi/BloombergQuint)

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 December 2021, overall Indian auto industry struggled to recover from sluggishness. The passenger vehicle segment reported volume drop primarily owing to semiconductor shortages although demand remains robust.

The domestic two-wheeler market continues to display weakness due to subdued demand. The commercial vehicle segment reported volume recovery primarily due to lower base, higher infra spending and increased freight movement across India while the tractor segment performance affected due to cyclical downturn.

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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