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


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


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.