Auto Sector Update - PC, CV, Tractor Maintain Optimism; Two-Wheeler Loses Sheen: Motilal Oswal 
Vehicles sit in traffic on a road shrouded in haze in New Delhi, India. (Photographer Kuni Takahashi/Bloomberg)

Auto Sector Update - PC, CV, Tractor Maintain Optimism; Two-Wheeler Loses Sheen: 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 in January 2021 is better and discounts remain low versus last year. Inventory is lower than normal for passenger vehicle and tractor, leaving headroom for higher inventory filings in the coming months.

Wholesales are expected to grow, replenishing the abnormally low inventory for PV and tractor.

Our interaction with leading industry channel partners reflects optimism (excluding two-wheeler).

Two-wheeler witnessed unexpected slowdown with 30-45 days’ inventory; PV inventory remains at minimal levels (less than seven days), with a waiting period of four to six weeks for fast-selling models.

Medium and heavy commercial vehicle segment continues to grow on the back of strong demand from Infrastructure/construction, while the cargo segment is recovering slowly with an increase in capacity utilisation.

Click on the attachment to read the full report:

Motilal Oswal Auto Sector Update 280121.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.