Nirmal Bang: November Auto Sales Estimate  - Festive Demand Strong For PVs, Tractors;  Two-Wheelers Fall Short
Heavy vehicle traffic, including cars, trucks and vans travel on the freeway at night (Photographer: Patrick T. Fallon/Bloomberg)  

Nirmal Bang: November Auto Sales Estimate - Festive Demand Strong For PVs, Tractors; Two-Wheelers Fall Short

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 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.

Click on the attachment to read the full report:

Nirmal Bang Automobile Sales Estimate 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.