ICICI Securities: Auto Wholesale Domestic Sales Reach Historic Highs Ahead Of Festive Season 
A file photo of traffic travels along a highway as residential buildings stand in the background in the Chembur area in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

ICICI Securities: Auto Wholesale Domestic Sales Reach Historic Highs Ahead Of Festive Season 

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 Securities Report

October 2020 dispatches are a sign of continued festive growth expectations of original equipment manufacturers as second phase of festive season kicks-off in November 2020; however, rising discounts do not correlate with demand strength narrative.

We believe channel inventory clearance remains key dealer task (our estimate more than six weeks) in November 2020, thus, any slack in retail demand could disrupt wholesale dispatches of OEM’s in December 2020/January 2021.

Click on the attachment to read the full report:

ICICI Securities Auto Monthly Volumes.pdf

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