Auto Wholesale Dispatches Rise Amid Year End Push, Says ICICI Securities
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ICICI Securities Report
Post the softening of wholesales in November 2020 dispatches due to inventory buildup from lower than expected festive sales, original equipment manufacturers planned a year end push of dispatches prior to sticker price increases in January 2021.
The onset of new CY21 is likely to be good test of consumer sentiment amid a potential mid-single digit price increases across segments in wake of higher input costs. Urban demand could be key to growth.
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