ICICI Direct: Festive Positivity Continues In Auto Retails, E-Way Bill Generation Improves  
Traffic drives through a road in Chennai, Tamil Nadu, India. (Photographer Prashanth Vishwanathan/Bloomberg)

ICICI Direct: Festive Positivity Continues In Auto Retails, E-Way Bill Generation Improves  

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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

Upbeat festive sales continue to reflect in November Vahan data, with registrations reaching pre-Covid-19 levels at approximately 80,000 units (November 2020 month-to-date daily average) for the first-time post pandemic.

Positivity looks set to continue as Vahan data comes with a two to four weeks lag.

E-Way bill generation for November began on a strong note reaching 4.1 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 101% of the average 5.5 crore bills.

Click on the attachment to read the full report:

ICICI Direct Covid Recovery Pulse_27Nov20.pdf

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