Nirmal Bang: November Auto Sales Estimate - Festive Demand Strong For PVs, Tractors; Two-Wheelers Fall Short
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Nirmal Bang Report
Automobile sales in November 2020 are likely to witness continued growth momentum on the back good festival demand, normalization of supply chain, strong sentiments from rural and semi urban markets and rise in preference for personal mobility.
Original equipment manufacturer commentaries suggest that festival demand remained strong for passenger vehicles and tractors while it fell short of expectations in case of two-wheelers.
Dispatches from majority of the OEMs for Nov-20 are likely to improve YoY on a soft base as the festive season fell in October last year while it was in November this year.
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