ICICI Securities: Retail Auto Sales Fall Inline With Drop in Mobility

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.In India, workplace mobility data, after witnessing improvements in May June 2020, has started to worsen in July 2020 (probable reason being more widespread increase in Covid-19 cases).Overall, the traffic rebound on an aggregate basis continued to remain weak (approximately 30%) as South and West regions continue to be most affected due to increased spread of the pandemic.In terms of major metros, Delhi witnessed a healthy recovery in traffic movement as new Covid-19 cases have witnessed a downward trend, while Mumbai/Pune are recovering more modestly.On a positive side since reopening, Google search queries on auto and vehicles has reached to similar to pre-covid-19 levels (indicating stabilising interest)..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: Retail Auto Sales Fall Inline With Drop in Mobility

ICICI Securities: Retail Auto Sales Fall Inline With Drop in Mobility

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