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ICICI Securities Report
In continuation to our mobility series, we are monitoring global mobility and retail demand trends as we believe both these data points are highly correlated.
Key takeaways for November 2020:
- Mobility data improvement trends is stalling globally led by Europe; India witnessed a slump in trends in some states (e.g. Delhi, Gujarat, Maharashtra).
- On domestic retail demand trends, festive months (October/November 2020) saw tractor segment continued strong demand trajectory, while passenger vehicles though in declining trend is performing better vis-a-vis two-wheelers. Commercial vehicles, three-wheelers are witnessing the weakest domestic demand.
- Globally, most countries are witnessing declining transit mobility trends (e.g. Europe, U.S.) due to rising Covid-19 cases while mobility data in Asia is resilient.
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