Automobiles Channel Check - Mixed Demand Trends; Outlook Positive: Nirmal Bang

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. .Nirmal Bang Report.We interacted with various channel partners across passenger vehicle/commercial vehicle/two-wheeler/tractor segments to ascertain retail demand, discounts, supplies, stock levels and any distinguishing trends in retails. We interacted with various dealers in the key regions of Central, Northern and Western India. Our interactions with the dealers indicate mixed demand trends across segments. The retails are expected to remain strong for PVs, driven by the high order backlog, but the discounts are back for some slow-moving models to clear up inventory. We also note that the waiting periods are declining with supply chain issues getting resolved to a large extent. Our interactions indicate 8-10% YoY growth in retails for PVs. However, two-wheeler demand still continues to be affected by a delayed recovery in the rural markets and it is expected to decline by mid single digit. In CVs, demand remains robust for both cargo as well as passenger segments. Furthermore, freight availability also remains good, thus driving retail volume growth. Tractor sales witnessed strong mid single digit growth in retails in Feb-23..Click on the attachment to read the full report:.Bajaj Auto - EV Foray Primed For Scale Up: Motilal Oswal.DISCLAIMERThis 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.

Automobiles Channel Check - Mixed Demand Trends; Outlook Positive: Nirmal Bang

Waiting periods are declining with supply chain issues getting resolved to a large extent.

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