ICICI Direct: Auto Sector Update - Rounded Recovery Broadens Opportunity Pie
Traffic drives through a road in Chennai, Tamil Nadu, India. (Photographer Prashanth Vishwanathan/Bloomberg)

ICICI Direct: Auto Sector Update - Rounded Recovery Broadens Opportunity Pie

Bookmark

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

Domestic auto industry volumes have been on a steady mend in the months post lifting of lockdown restrictions.

Manufacturing and distribution activities have been getting ramped up gradually since June 2020, in step with the rest of the economy. However, the impact of the pandemic on the supply chain continues to inhibit a complete return to production normalcy.

Nevertheless, most automotive industry segments have reported successive improvement in offtake throughout June-November 2020 on the back of - initial bounce provided by pent-up aspect, followed by preference for affordable personal mobility and continued rural resilience.

Click on the attachment to read the full report:

ICICI Direct Auto Sector Update.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.