ECONOMY

Covid-19 Recovery Pulse – Auto Retails Dip Marginally: ICICI Direct

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.

Daily Vahan registrations in September 2021 dipped to ~61,510 units on month-to-date basis i.e. 77% of pre-Covid-19 levels.

Registrations have slowed down over the past week but we expect them to improve as domestic economic output gains momentum amid increasing pace of vaccination.

E-Way bill generation for September began on a strong note, reaching 2.5 crore.

If we compare this to the average bill generation in the months prior to Covid-19 (October 2019-February 2020), it has reached ~113% levels of the average 5.5 crore bills.

Goods and services tax collections made a strong comeback in August and came in at Rs 1.12 lakh crore.

Click on the attachment to read the full report:

ICICI Direct Covid Recovery Pulse.pdf

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