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

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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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