ICICI Direct On October Auto Sales: Two-Wheeler, Passenger Vehicle Segments Drive Recovery
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
Continued sequential improvement was the overarching theme of October wholesale auto dispatches, with several major original equipment manufacturers posting record volumes partly attributable to healthy demand prospects, while the rest was owing to channel inventory build-up for ongoing festive season.
Segments dictated by discretionary spend (two-wheeler, passenger vehicles) led with healthy double-digit growth while there were initial signs of a turnaround on commercial vehicle side.
Tractor segment also performed well, buoyed by sustained industry tailwinds.
Click on the attachment to read the full report:
This 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.