Automobiles Sector Check - Festive Retails Witness Good Growth Across Segments: Motilal Oswal


BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Retail sales during the festive season in October 2022 (part of Navratras and Diwali) indicate a healthy uptick for all categories, especially for two-wheelers. This festive season was the first normal season after two years (Covid-affected period).

Our interaction with leading industry channel partners indicates a positive sentiment for all categories this festive season. Two-wheeler demand, which was lagging, has improved YoY, while the easing of semiconductor shortages is leading to a decline in the waiting period for passenger vehicles.

Commercial vehicle demand has been stable, while tractor retails grew in mid-single digits. The entry level segment in two-wheelers and passenger vehicles, which was the worst impacted, has seen a recovery, but volumes were substantially below pre-Covid levels.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime 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 BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.


Image and article originally from Read the original article here.