Auto OEM Monthly Preview- Tractor, PVs On Strong Footing; Domestic Two-Wheeler In Slow Lane: ICICI Securities
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Automobile dispatches are expected to improve month-on-month in March-21 led by a pickup in economic activities and channel filling. YoY is not comparable due to low base and Covid-19.
Passenger vehicle volumes are expected to be strong as retail sales have maintained positive momentum despite negligible discounts due to need-based buying behaviour by customers.
The industry is facing some supply chain constraints due to an acute shortage of semiconductors and components like seat foams. music system and plastic parts.
Commercial vehicle dispatches are expected to showcase gradual recovery on the back of a pick up in economy activities and renewal of fixed contracts.
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