Auto Sector Update - Lockdown Hurts Volumes Across Segments In May: Motilal Oswal
Vehicles travel along a highway in an aerial photograph taken in Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

Auto Sector Update - Lockdown Hurts Volumes Across Segments In May: Motilal Oswal

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.

Motilal Oswal Report

Passenger vehicles, commercial vehicles, and tractors May 2021 sales were above our expectations, while two-wheelers were in line with our estimate.

Wholesales were impacted by localized lockdowns across states and supply-side issues. Demand is expected to recover as restrictions are lifted.

While dealers are hopeful of a sharp recovery in demand for passenger vehicles, commercial vehicles, and tractors, customer behavior after the lifting of lockdown restrictions is a key monitorable.

Two-wheeler/passenger vehicle/medium and heavy commercial vehicle/light commercial vehicle/tractor volumes declined by 34%/35%/47%/40%/down 1.5% compound annual growth rate (versus May 2019).

Click on the attachment to read the full report:

Motilal Oswal Auto Sector Update June.pdf


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.