Auto OEM Monthly Preview - Muted Dispatches Across Segment: Dolat Capital

Wholesale numbers in Nov are expected to be muted led by inventory de-stocking, weak retail sales, semiconductor shortage issue.

<div class="paragraphs"><p>Vehicles moving at a junction. (Photo: Ravi Sharma/ Unsplash)</p></div>
Vehicles moving at a junction. (Photo: Ravi Sharma/ Unsplash)

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Dolat Capital Report

Wholesale numbers in November 2022 are expected to be muted led by inventory de-stocking, weak retail sales (seasonally sluggish month) and semiconductor shortage issue.

Strong demand for high end passenger vehicles, premium bikes was offset by muted demand of entry level bikes and cars along with moderation in volume growth of commercial vehicles.

Rural market is still a worry and people are deferring their purchases due to high inflation. We expect retail sales to go up next month driven by year-end discounts and marriage season demand.

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Dolat Capital Auto OEM Monthly Preview - November 2022.pdf


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