ICICI Securities: Workplace Mobility Deteriorates, Auto Retail Growth On Low Base
A visitor takes a photograph of miniature toy cars on display.  (Photographer: Dale de la Rey/Bloomberg)

ICICI Securities: Workplace Mobility Deteriorates, Auto Retail Growth On Low Base

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

In continuation to our mobility series, we are monitoring global mobility and retail demand trends as we believe both these data points are highly correlated.

Key takeaways for November 2020:

  1. Mobility data improvement trends is stalling globally led by Europe; India witnessed a slump in trends in some states (e.g. Delhi, Gujarat, Maharashtra).
  2. On domestic retail demand trends, festive months (October/November 2020) saw tractor segment continued strong demand trajectory, while passenger vehicles though in declining trend is performing better vis-a-vis two-wheelers. Commercial vehicles, three-wheelers are witnessing the weakest domestic demand.
  3. Globally, most countries are witnessing declining transit mobility trends (e.g. Europe, U.S.) due to rising Covid-19 cases while mobility data in Asia is resilient.

Click on the attachment to read the full report:

ICICI Securities Auto Mobility Report.pdf

DISCLAIMER

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.

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