September Auto Sales - Semiconductor Shortages Hurt Volume; Demand Remains Stable: IDBI Capital
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IDBI Capital Report
In September 2021, overall Indian auto industry struggled to recover from sluggishness.
Passenger vehicle segment reported volume drop primarily owing to semiconductor shortages although demand remains stable.
Domestic two-wheeler market continues to exhibit weakness as the two-wheeler industry struggling to recover post Covid-19 lockdown.
Tractor segment reported a drop in volumes due to higher base effect and unevenly distribution of rain at the same time commercial vehicle segment reported volume recovery primarily due to lower base and higher Infra spending and increased freight movement across India.
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