ICICI Direct: Covid-19 Recovery Pulse - E-Way Bill Generation Shows Recovery Signs With Auto Volumes Flat

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.Positive momentum continued in September 2020 despite it historically being a month with relatively lower retail sales.Total retail registrations for September were at 13.4 lakh units, down just approximately 11% YoY.(Note – 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 September (till September 27) ended on a strong note reaching five crore.If we extrapolate this and compare to the average bill generation in the months prior to Covid-19 (October 2019-February 2020) it has reached approximately 100% levels of the average 5.5 crore bills.E-Way bill generation for April, May, July and August hovered at 16%, 46%, 79%, 88% and 90% levels, 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 - E-Way Bill Generation Shows Recovery Signs With Auto Volumes Flat

ICICI Direct: Covid-19 Recovery Pulse - E-Way Bill Generation Shows Recovery Signs With Auto Volumes Flat

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