ICICI Direct: Covid-19 Recovery Pulse; Average Daily Vehicle Registrations

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Daily vehicle registrations averaged approximately 50,000 units i.e. approximately 62% of pre-Covid levels during the week of July 13 to16, marginally ahead of the run rate seen in the prior week (Andhra Pradesh, Madhya Pradesh and Telangana are non-Vahan states) They combined form approximately 15% of auto volumes and approximately 20% of tractor volumes.E-Way bill generation for first half of July (till July 13) continued its momentum on a strong note reaching 1.7 crore. If we extrapolate this and compare it to the average bill generation in months prior to Covid-19 (October 2019-February 2020), it has reached approximately 80% of the average 5.5 crore bills. E-Way bill generation for April, May and June hovered at 16%, 46% and 79%, respectively.Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

ICICI Direct: Covid-19 Recovery Pulse; Average Daily Vehicle Registrations

ICICI Direct: Covid-19 Recovery Pulse; Average Daily Vehicle Registrations

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