Automobiles Monthly Volume Update - Lower Dispatches On Muted Demand, Supply Constraints: Axis 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..Axis Securities Report.Auto original equipment manufacturers reported relatively weak numbers across segments. The automotive monthly sales were materially impacted due to the ongoing supply constraints (chip shortages were more prevalent in the passenger vehicle segment) and the high-base effect (for two-wheelers and tractors). Volumes in two-wheelers and tractors were disappointing due to muted demand and a high base. Passenger vehicles and commercial vehicles performed relatively better, but volumes were below broader expectations. The passenger vehicle industry’s wholesale volumes reported de-growth of ~15% YoY primarily owing to the adverse impact of the semiconductor chip shortages. Two-wheeler dispatches declined 30-32% YoY on account of continued weak demand, higher-than-normal inventory levels and chip shortages impacting premium motorcycles..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Automobiles Monthly Volume Update - Lower Dispatches On Muted Demand, Supply Constraints: Axis Securities

Automobiles Monthly Volume Update - Lower Dispatches On Muted Demand, Supply Constraints: Axis Securities

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