December Auto Volumes - OEMs End Calendar Year Steady; Passenger Vehicle Space Outshines: ICICI Direct

December Auto Volumes - OEMs End Calendar Year Steady; Passenger Vehicle Space Outshines: ICICI Direct

A line of cars waits to refuel at a gas station. (Photographer Carlos Becerra/Bloomberg)

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.

ICICI Direct Report

Auto wholesale dispatches for December 2021 came in the positive territory and broadly witnessed growth on an month-on-month basis.

Passenger vehicle space witnessed near double digit growth amid healthy demand prospects and improving chip availability. In the two-wheeler pack the performance was mixed with some players reporting double digit growth while others reported a similar decline on an month-on-month basis. Commercial vehicle space witnessed a revival in month-on-month growth trend with recovery in passenger/bus segment a key silver lining.

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ICICI Direct Monthly Auto Volumes.pdf
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