Nirmal Bang:  Auto Sales In November Fall Short Of Expectations; On-Ground Demand Continues To Remain Healthy
A file photograph of traffic along a highway during morning rush hour in Delhi, India. (Photographer Kuni Takahashi/Bloomberg)

Nirmal Bang: Auto Sales In November Fall Short Of Expectations; On-Ground Demand Continues To Remain Healthy

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.

Nirmal Bang Report

Automobile sales continued its growth momentum in November 2020 amid rise in preference for personal mobility on the back of good festive demand, upcoming wedding season, soft base due to overlapping of Diwali in November this year and continued positive sentiments in rural and semi urban markets.

Barring three-wheelers, all the segments reported YoY volume growth.

But, volumes declined on a sequential basis due to lower-than-expected festive retails in case of two-wheelers and production issues for some passenger vehicle players.

Click on the attachment to read the full report:

Nirmal Bang Automobile Sales-November 2020-Monthly Sales Update-1 December 2020.pdf

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