December Auto Sales Witness Continued Double-Digit Growth Momentum, Favorable Base: Nirmal Bang
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.
Nirmal Bang Report
Automobile sales in December 2020 are likely to witness continued growth momentum owing to a favorable base (due to BS-IV inventory de-stocking last year) amid rise in preference for personal mobility.
We expect wholesales to witness healthy YoY growth for most segments, barring medium and heavy commercial vehicles and three-wheelers, on a soft base, low/stable inventory levels and continued retail momentum.
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.