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Automobiles - Volume Picks Up In PVs, Two-Wheelers In August; CVs, Tractors Show Some Slack: Nirmal Bang

Automobiles - Volume Picks Up In PVs, Two-Wheelers In August; CVs, Tractors Show Some Slack: Nirmal Bang

<div class="paragraphs"><p>Vehicles moving slowly during a rush hour in evening. (Photo: Nabeel-Syed /Unsplash)</p></div>
Vehicles moving slowly during a rush hour in evening. (Photo: Nabeel-Syed /Unsplash)

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

Auto original equipment manufacturers in August 2022 saw YoY improvement across segments (except tractors) on a slightly lower base of August 2021.

On month-on-month basis, except Maruti Suzuki India Ltd., all two-wheeler, passenger vehicle and three wheeler OEMs posted positive growth as they geared up for the upcoming festival season by building up the stocks.

We believe that the month-on-month dip in Maruti Suzuki’s volume was largely due to the adverse impact on compressed natural gas vehicles post the steep price rise in natural gas.

Overall, passenger vehicles OEMs continued to witness strong growth momentum on the back of rising production levels and healthy order books.

Click on the attachment to read the full report:

Nirmal Bang Automobile Sales-August 2022-Monthly Sales Update-2 September 2022.pdf

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