Auto Sector Update - Retail, Inquiries, Bookings Reflect Sustained Optimism: Motilal Oswal
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Motilal Oswal Report
Demand in December 2020 is better than last year. Discounts currently stand approximately 50% as compared to last year.
Inventory is lower than normal for passenger vehicles and tractors, leaving headroom for higher inventory filling in the coming months.
Wholesales are expected to grow on a low base in Dec-20, catering to the spillover demand from the festive season and inventory refilling (for passenger vehicles and tractors).
Our interaction with leading industry channel partners reflects optimism.
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