September Auto Wholesales - Festive Cheer Lifts Dispatches Across Segments: ICICI Direct

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..ICICI Direct Report.Wholesale dispatches for September 2022 came in healthy with month-on-month growth witnessed across segments. The commercial vehicle space outperformed its peers with high double digit month-on-month volume growth especially in the medium and heavy commercial vehicle domain while it was a seasonally strong month for the tractor space (more than 20% YoY growth) riding on positive monsoon 2022 (106% of LPA). The two-wheeler space also witnessed healthy double digit growth led by innovative offerings in premium segment by Royal Enfield brand at Eicher Motors Ltd. and channel inventory build-up before the festive season by the industry leader. On the other hand, the passenger vehicle space recovered month-on-month with mid-single digit growth riding on strong order book and elongated waiting periods across original equipment manufacturers..Click on the attachment to read the full report:.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.

September Auto Wholesales - Festive Cheer Lifts Dispatches Across Segments: ICICI Direct

Wholesale dispatches for September 2022 came in healthy with month-on-month growth witnessed across segments.

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