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Dolat Capital Report
Our channel checks indicate passenger vehicle/two-wheelers dispatches are expected to be strong in the month of September 2020 led by necessity based demand during pandemic, improvement in enquiry in urban and semi-urban areas, and channel restocking by original equipment manufacturers.
We sense healthy dispatches to continue in the month of October 2020 on the anticipation of good festive season sales.
We expect two-wheeler, passenger vehicle, tractor dispatches to improve by 4%, 16%, 17% YoY and commercial vehicle sales to de-grow by 15% YoY in September 2020.
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