ECONOMY

Auto Sector Check – Chip Shortage Hits PV, Premium Two-Wheeler, Light Commercial Vehicle: Motilal Oswal

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.

Passenger vehicle demand remains strong and commercial vehicle demand is showing good signs of recovery.

Tractor demand is largely stable, while two-wheeler demand is yet to recover.

Retails during Ganesh Chaturthi were lower on a YoY basis.

September 2021 saw the start of the Shraddh period from Sept 21, 2021, which would end by October 06, this has affected inquiries and bookings. 

Our interactions with leading industry channel partners reflect cautious optimism for the upcoming festive season – after weak retails during Ganesh Chaturthi due to supply-side constraints for PVs and slow demand for two-wheelers.

Click on the attachment to read the full report:

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 author entity 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.

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button