ICICI Direct: Festive Charge Supporting Auto Retails
Sales assistants are reflected in the side mirror of a sport-utility vehicle at a dealership in Faridabad, Haryana, India. (Photographer: Graham Crouch/Bloomberg)

ICICI Direct: Festive Charge Supporting Auto Retails


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

Vahan daily registrations during December (month-to-date) are at 85,800 units i.e. marginally above pre-Covid-19 levels on the back of lagged recognition of festive sales. We expect retails to continue to be healthy till mid December.

E-Way bill generation for December (till Dec. 6) began on a strong note reaching 1.2 crore.

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

Click on the attachment to read the full report:

ICICI Direct Covid Recovery Pulse.pdf


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