ICICI Securities: India’s Automobiles Industry Recovery Likely To Ebb And Flow

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.ICICI Securities Report.Our recent interactions with investors on demand recovery in India left us concluding that consensus buy side has factored-in continued growth for the remainder of fiscal 2021 after approximately 75% decline in Q1FY21. In this report, we have tried to take a deeper look at global mobility trends with the premise that if people buy vehicles they would tend to use them, and this would reflect in rise in traffic data. The mobility trends analysis uses TomTom traffic data and Google Community mobility data.In summary, the key insights are: a) post reopening from lockdown, most regions witnessed a release of pent-up demand; b) other than a few nations (e.g. Korea, China) not all mobility rebounds have sustained; the same is visible in subsequent demand slack; c) higher workplace in regards to transit station mobility signals continued preference towards personal over public mobility..Click on the attachment to read the full report:.DISCLAIMERThis 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.

ICICI Securities: India’s Automobiles Industry Recovery Likely To Ebb And Flow

ICICI Securities: India’s Automobiles Industry Recovery Likely To Ebb And Flow; Global Mobility Trends

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