Auto Volumes Monthly Report - Rural Resilience Underpins Decent Recovery: ICICI Direct

Workers test Hero Ignitor motorcycles after final assembly at it's manufacturing facility in Gurgaon. (Photographer: Prashanth Vishwanathan/Bloomberg)

Auto Volumes Monthly Report - Rural Resilience Underpins Decent Recovery: ICICI Direct

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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

The auto industry saw a decent recovery in June 2021, with resilience of the rural belt (tractor, etc) being the key takeaway for the month.

Passenger Vehicle segment also did relatively well while M&HCV space turned in a disappointing performance.

With comparison redundant at year-on-year level (gradual pick-up post nationwide unlock), month-on-month level (washout month due to Covid-19 second wave), we examine trends versus April 2021, last month of normal sales.

Click on the attachment to read the full report:

ICICI Direct Monthly Auto Volumes Report.pdf

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