Motilal Oswal: Automobile Demand Largely Sustains Post The Festive Season  
Vehicle travel along Marine Drive in Mumbai, India, on July 14, 2020. (Photographer: Dhiraj Singh/Bloomberg)

Motilal Oswal: Automobile Demand Largely Sustains Post The Festive Season  

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.

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).

Click on the attachment to read the full report:

Motilal Oswal Automobiles Channel Check.pdf

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