ICICI Direct: Covid-19 Recovery Pulse - E-Way Bill Generation Shows Recovery Signs With Auto Volumes Flat
Traffic drives through a road in Chennai, Tamil Nadu, India. (Photographer Prashanth Vishwanathan/Bloomberg)

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

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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.

ICICI Direct Report

The onset of the festive season led to positive momentum in retail sales.

Daily Vahan registrations were up strongly by approximately 16% week-on-week to approximately 64300 units i.e. approximately 80% of pre-Covid-19 levels during October 19-22 versus an average 55400 units in the preceding week.

E-Way bill generation for October (till October 18) began on a strong note reaching 3.5 crore.

If we compare this to average bill generation in the months prior to Covid-19 (October 2019-February 2020) it has reached approximately 106% levels of the average 5.5 crore bills.

E-Way bill generation for April, May, July, August and September hovered at 16%, 46%, 79%, 88%, 90% and 104% levels, respectively.

Click on the attachment to read the full report:

ICICI Direct Covid Recovery Pulse Oct 23,2020.pdf

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