Auto Retail Growth Aided By Low Base In December; Mobility Data Weakens, Says ICICI Securities
Sales assistants are reflected in the side mirror of a sport-utility vehicle at a dealership in Faridabad, Haryana, India. (Photographer: Graham Crouch/Bloomberg)

Auto Retail Growth Aided By Low Base In December; Mobility Data Weakens, Says ICICI Securities

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.

ICICI Securities Report

In continuation to our mobility series, we are monitoring mobility and retail demand trends as we believe both these data points have a lead lag effect.

Key takeaways for December 2020 -

1. Mobility data improvement trends are stalling globally with some regions being more effected that others (e.g. Europe); India witnessed improvement in mobility trends in most states, with Eastern regions leading while South still remains a laggard (e.g. Telangana, Karnataka);

2. on domestic retail demand trends, demand for passenger vehicles (up approximately 23% YoY) have outpaced two-wheelers (up ~11%) owing to favourable base effect (BS-VI transition impact in December 2019).

Click on the attachment to read the full report:

ICICI Securities Auto Mobility Report.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.