December Auto Sales Witness Continued Double-Digit Growth Momentum, Favorable Base: Nirmal Bang 
Model cars sit on display. (Photographer Krisztian Bocsi/Bloomberg)

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:

Nirmal Bang Automobile Sales Estimate December 2020- 30 Dec 2020.pdf

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