Auto Channel Check - Positive Demand Sentiment To Aid Faster Recovery: Prabhudas Lilladher

Vehicles travel along the Agra-Lucknow Expressway, in Uttar Pradesh. (Photographer: Prashanth Vishwanathan/Bloomberg)

Auto Channel Check - Positive Demand Sentiment To Aid Faster Recovery: 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 interactions with leading channel partners indicate sharp decline in month-on-month retails as most states were under complete lockdown for major part of month.

This was followed by original equipment manufacturers announcing production shutdown.

However, demand sentiments across sectors still remain healthy. With business activities operating followed by anticipated healthy monsoon, new model launches and preference for personal mobility, we expect urban/rural demand to recover faster.

Among segments we believe, commercial vehicle (led by healthy fleet utilization and demand from infra segment) and passenger vehicle (led by personal mobility and new launches) to recover faster.

Click on the attachment to read the full report:

Prabhudas Lilladher Automobiles Channel Check.pdf

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