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 Report
Indian automobile companies witnessed gradual improvement in sales performance sequentially, despite continued weakness in economy. Sector also got impacted by higher fuel prices, sharp increase in vehicle prices and lower business sentiment.
It improved sequentially with positive rural sentiment, healthy crops, early harvesting due to excess heat and inventory built up. Urban has already recovered to greater extent in Q4 FY22, boosting urban products like sports utility vehicles.
Though we expect the industry to record a subdued volume over the next one to two months, diminishing impact of Covid-19 and rural recovery is expected to support retail demand in FY23.
Recent global geopolitical issues amid Russia Ukraine war have negative impact on businesses environment, which creates negative demand sentiment for consumption.
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