Auto Wholesales Push Continues Despite Modest Retail Trends In February: ICICI Securities 
Traffic moves along a highway during morning rush hour in Delhi, India. (Photographer Kuni Takahashi/Bloomberg)

Auto Wholesales Push Continues Despite Modest Retail Trends In February: ICICI Securities 

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 Securities Report

Post the soft start of January 2021 dispatches, despite the supply-chain issues, original equipment manufacturers have maintained dispatches to create an incremental buffer in the channel for the upcoming marriage season (April 2021 onwards).

However, the increase in product prices in Q1 CY21 in the wake of higher input seemingly is keeping consumer sentiment in check (visible in retail demand trends).

Faster vaccination could help in improving urban demand for a few segments (e.g. scooters, three-wheelers).

Click on the attachment to read the full report:

ICICI Securities Monthly Auto Volumes.pdf

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