Auto Channel Check - Passenger Vehicle Retails To Be Strongest Among Segments: Prabhudas Lilladher
Model cars sit on display. (Photographer: Krisztian Bocsi/Bloomberg)

Auto Channel Check - Passenger Vehicle Retails To Be Strongest Among Segments: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Our interaction with leading channel partners indicate demand sentiments across segments (excluding two-wheeler) remains unaffected, despite second concurrent lockdown in certain parts.

For passenger vehicle, we expect healthy demand sentiments as retail volumes are expected to grow 16-18% YoY led by strong demand from North, Central and South regions.

However short supply both in commercial vehicles and passenger vehicles are impacting retails to an extent 20-25%.

Two-wheelers demand continues to remain weak leading to further inventory increase across two-wheeler original equipment manufacturers to five to seven weeks in March 2021 (versus four to six weeks in February).

Click on the attachment to read the full report:

Prabhudas Lilladher Auto Sector Update.pdf

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