December Auto Wholesale Volume Update: IDBI Capital 
Heavy vehicle traffic, including cars, trucks and vans travel on a freeway at night. (Photographer: Patrick T. Fallon/Bloomberg)

December Auto Wholesale Volume Update: IDBI Capital 

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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.

IDBI Capital Report

In December 2020, wholesale continue to improve in passenger vehicle segment and farm equipment segment.

This demand is driven by pent-up demand in retail market, preference for personal mobility during the pandemic, attractive vehicle financing schemes and new launches.

Whereas two-wheeler wholesale was down due to higher inventory at dealer’s level. We believe demand for four wheeler continues to remain robust whereas two-wheeler demand expected to be subdued.

Commercial vehicle demand expected to grow on the back of increase in road/construction activity.

Click on the attachment to read the full report:

IDBI Capital Automobile Volume Update Dec 2020.pdf

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