Nirmal Bang: Hormazd Sorabjee Optimistic About The Auto Industry With Caution
Cars sit parked at the Port. (Photographer: Ian Waldie/Bloomberg)

Nirmal Bang: Hormazd Sorabjee Optimistic About The Auto Industry With Caution

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

We hosted an investor call with Mr. Hormazd Sorabjee (Senior Editor and Auto Journalist at Autocar India) to get his views about the current state of affairs in the Auto industry in India.

Given below are the key takeaways from the interaction -

It has come as a surprise that the industry has bounced back with a V-shaped recovery and swelled up in the run-up to the festive season spread over October to November. Recovery also looks better because of a low base.

Post opening up of the lockdown, there has been some revenge buying. People have saved money during the lockdown and want to spend now on products like cars.

Click on the attachment to read the full report:

Nirmal Bang Auto Sector Update-23 November 2020.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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.