Auto Sector Update - Passenger Vehicles Grow On Strong Demand, Easing Of Supply Chain Issues: 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.Demand for passenger vehicles has sustained, while two-wheeler demand recovery remains elusive. Tractor demand is largely stable, while commercial vehicle demand is improving on the back of Infrastructure activity. Our interaction with leading industry channel partners reflects pessimism for two-wheelers, after the washout of festive and marriage season sales.Passenger vehicle dealers reflect optimism on strong demand and improving supply from original equipment manufacturers. Demand for medium and heavy commercial vehicles is benefiting from the rise in construction activity, especially in the residential housing segment. Tractor demand was largely stable.In November 2021, wholesale volumes are estimated to decline by 17%/8% YoY for two-wheelers/tractors. Volumes are estimated to grow for passenger vehicle by 6% YoY, with the easing of semiconductor availability. Commercial vehicle wholesales are estimated to grow by 25% YoY and three-wheelers by 28% on a low base..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Auto Sector Update - Passenger Vehicles Grow On Strong Demand, Easing Of Supply Chain Issues: Motilal Oswal

Auto Sector Update - Passenger Vehicles Grow On Strong Demand, Easing Of Supply Chain Issues: Motilal Oswal

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