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ICICI Direct Report
E-Way bill generation for September (till September 13, 2020) began on a strong note reaching Rs 2.3 crore.
If we extrapolate and compare this to the average bill generation in the months prior to Covid-19 (October 2019-February 2020) has reached approximately 93-95% of the average 5.5 crore bills.
E-way bill generation for April, May, July and August hovered at 16%, 46%, 79%, 88% and 90% levels, respectively.
Vahan registrations were flat week-on-week at approximately 54,000 units during September 13-17, i.e. approxmately 68% of pre-Covid levels.
(Note: Andhra Pradesh, Madhya Pradesh and Telangana are non-Vahan states. They combined form approximately 15% of auto volumes and approximately 20% of tractor volumes.)
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