Auto Volumes Check - Pandemic Results In Washout Month: ICICI Direct
Light trails from passing traffic in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

Auto Volumes Check - Pandemic Results In Washout Month: ICICI Direct


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.

ICICI Direct Report

May 2021 was a washout month for the domestic auto industry, with the sharp spike in Covid-19 cases taking a toll on economic activity amid localised lockdowns pan India.

Plant shutdowns undertaken by original equipment manufacturers along with supply chain challenges (particularly in relation to global semiconductor shortage) and only partial functioning of dealerships combined to result in a steep double-digit sequential decline across players and segments.

It is worthwhile to note, however, that month-on-month comparison is not entirely meaningful on account of the difficult circumstances.

Click on the attachment to read the full report:

ICICI Direct Monthly Auto Volumes June 2021.pdf


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