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.
Reliance Securities Research Report
Domestic automobile industry delivered a subdued volume performance, with YoY decline in Q2 FY22 due to disruptions led by the second Covid-19 wave and chip shortages.
Though a steady ease in lockdown/curbs improved the automobile sales, semi-conductor shortages impacted the production and supply.
Incremental opening-up of economic activities, pent-up demand and improving sentiment across the country resulted in better sales towards start of the quarter.
Notably, the commercial vehicle and three-wheeler industry witnessed an improvement in sales volume, while two-wheelers remained laggards.
On the other hand, exports markets witnessed a sharp uptick in sales volume.
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