Auto Sales Check - Demand Momentum Likely To Halt In The Near Term: Nirmal Bang
Vehicles travel along a highway in an aerial photograph taken in Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Auto Sales Check - Demand Momentum Likely To Halt In The Near Term: Nirmal Bang

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.

Nirmal Bang Report

Automobile original equipment manufacturers have reported a sharp decline in month-on-month volume across all the segments for April 2021 due to muted demand amid:

  1. Subdued consumer sentiments on rising Covid-19 cases.

  2. Temporary shutdown of dealerships due to lockdown restrictions.

  3. Sharp fall in enquiries as customers postpone their purchases.

  4. Supply chain constraints due to localized restrictions and shortage of semiconductors.

While tractor and passenger vehicles volumes were better than our estimates, volumes were below our estimates for commercial vehicle and two-wheeler OEMs.

Click on the attachment to read the full report:

Nirmal Bang Automobile Sales-April 2021-Monthly Sales Update-3 May 2021.pdf

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