Covid-19 Resurgence Impacting Auto Retails: ICICI Direct
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 Direct Report
Vahan daily registrations have averaged approximately 52400 units, ~65% of pre-Covid-19 levels on month-to-date basis in April 2021, largely unchanged week-on-week.
Sharp Covid-19 resurgence pan India is seen continuing to impact auto retails in the near term.
E-Way bill generation for April began on a strong note reaching 3.6 crore.
If we compare this to the average bill generation in the months prior to Covid-19 (October 2019-February 2020), it has reached ~113% levels of the average 5.5 crore bills.
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.