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This Article is From Oct 07, 2020

Nirmal Bang On Auto Sector: Wholesales Grow In September As OEMs Rush To Fill Channels Before Festivals

Nirmal Bang On Auto Sector: Wholesales Grow In September As OEMs Rush To Fill Channels Before Festivals
Vehicles travel along a highway in an aerial photograph taken in Delhi, India (Photographer Anindito Mukherjee/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Automobile sales witnessed a further recovery in volume in September 2020 on the back of normalization in supply chain and channel filling for upcoming festivals amid strong sentiments in rural and semi urban markets and rise in preference for personal mobility.

All segments, except medium and heavy commercial vehicles and three-wheelers, reported both YoY and month on month growth.

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 brokerage 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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