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.
Motilal Oswal Report
In May 2021, most regions were under an ensuing Covid-19 led lockdown. Inquiries were significantly lower than normal levels, except in tractors.
While a strong order book and ongoing preference for personal mobility would support passenger vehicles, strong demand for two-wheelers seems unlikely on high inventory in the system and severe impact of the second Covid wave on rural and semi-urban markets.
Wholesales are expected to decline month-on-month due to the impact of localised lockdowns by states and supply-side issues (including availability of industrial oxygen).
Our interactions with leading industry channel partners reflect optimism regarding a recovery once the lockdown is lifted.
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