August Auto Volumes Update - Muted Performance Across Segments: IDBI Capital
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IDBI Capital Report
In August 2021, overall Indian auto industry struggled to recover due to various factor’s impacting industry sub segment.
Passenger vehicle segment reported muted performance primarily owing to semiconductor shortages globally despite demand bounce.
Domestic two-wheeler market continues to exhibit weakness as the two-wheeler industry struggling to recover post Covid-19 lockdown.
Tractor segment reported a drop in volumes due to higher base effect and unevenly distribution of rain while commercial vehicle segment reported volume recovery primarily due to lower base and higher Infra spending.
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