Reliance Securities On  Auto Sector  - Post-Festive Slump Might Impact Near-Term Volume
Vehicle travel along Marine Drive in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Reliance Securities On Auto Sector - Post-Festive Slump Might Impact Near-Term Volume

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.

Reliance Securities Report

Indian automobile companies reported higher YoY sales volume across segments in November 2020 (barring medium and heavy commercial vehicle and three-wheeler segments) on the back of festive season, demand recovery in urban markets and continued healthy demand in rural markets.

In most segments, wholesale volume was lower than the retail volume, which picked up faster.

Inventory level at the end of November 2020 across segments fell by 0-2 weeks due to healthy off-take during the recently-concluded festive season.

Notably, supply constraints restricted wholesale volumes of a few companies.

Click on the attachment to read the full report:

Reliance Securities Auto sector monthly round-up.pdf


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.

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