ICICI Securities: November Auto Wholesale Dispatches Rise Amid Modest Retail Trends 
Vehicles sit in gridlocked traffic in Chennai, India.(Photographer: Kuni Takahashi/Bloomberg)

ICICI Securities: November Auto Wholesale Dispatches Rise Amid Modest Retail Trends 

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

Softening of November 2020 dispatches appears to be a sign of lower than expected festive sales (October, November 2020 combined) as the second phase of festive season (Diwali period) was below original equipment manufacturer expectations.

Rising incentive schemes across segments post festive season, lack of price increase even in wake of higher input costs correlate with the fragility of the consumer sentiment.

We believe channel inventory clearance remains key priority for December 2020; thus, expect incentives to increase further by end of Q3.

Click on the attachment to read the full report:

ICICI Securities Auto Monthly Wholesales Update.pdf

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