Auto Wholesales Recovery Trend Sustaining In December, Says Motilal Oswal
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Motilal Oswal Report
Current demand momentum and low inventory in passenger vehicle/tractor suggest stronger wholesales in the coming months.
Two-wheelers original equipment manufacturers, on the other hand, are expected to maintain a cautious stance, with no major inventory push. Commercial vehicle is expected to see sustained growth hereafter.
With pent-up demand largely fulfilled, it would be critical for demand to sustain in Q4 FY21 and beyond, considering the expected price hikes as well as opening up of public transport in many parts of the globe.
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