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ICICI Direct Report
Vahan registrations were up marginally by approximately 3% week-on-week to approximately 56,000 units during September 21-24, i.e. approximately 70% of pre-Covid-19 levels. This is compared to approximately 68% levels last week.
(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)
E-Way bill generation for September (till September 20) began on a strong note reaching 3.6 crore.
If we extrapolate this and compare to the average bill generation in the months prior to Covid-19 (October 2019-February 2020) it has reached approximately 100% levels 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.
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