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 November 2021, overall Indian auto industry struggled to recover from sluggishness primarily led by two-wheeler and tractors.
The passenger vehicle segment reported volume drop primarily owing to semiconductor shortages although demand remains strong.
The domestic two-wheeler market continues to exhibit weakness due to subdued demand.
The commercial vehicle segment reported volume recovery was primarily due to lower base, higher infra spending and increased freight movement across India while the tractor segment performance impacted due to cyclical downturn.
Maruti Suzuki India Ltd. is well placed to address turnaround in Indian passenger vehicle market while Sona Comstar's exposure to electric vehicle will aid to its growth.
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