Motilal Oswal: Automobile Demand Largely Sustains Post The Festive Season
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Motilal Oswal Report
The festive season was reasonable with no major negative surprises. Demand after the festive season has been decent so far.
Current discounts remain lower than last year. Inventory is lower than normal for passenger vehicles and tractors, leaving headroom for higher wholesales.
November 2020 wholesales are expected to grow on a low base and to cater spill over demand from the festive season and inventory refilling (for passenger vehicles and tractors).
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