Auto Wholesale Demand Momentum Sustained For PVs, CVs, Tractors In February: 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 momentum in January 2021 sustained in February-21 across segments.
Discounts were lower as Feb-20 had BS-VI transition-related discounts. Inventory is much lower than normal for passenger vehicles and tractors, leaving headroom to fill inventory in the coming months.
Wholesales are expected to grow for replenishing abnormally low inventory for PVs and tractors.
Our interaction with leading industry channel partners reflects optimism (excluding two-wheelers). Weak demand results in higher two-wheeler inventory (30-45 days).
However, PV inventory remains at minimal levels (less than 10 days), with a waiting period of 4-6 weeks in fast-selling models.
Medium and heavy commercial vehicles continue to grow on the back of strong demand from Infrastructure/construction.
Click on the attachment to read the full report:
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.