SIAM April Data - YoY Improvement On A Low Base, But Declines Sequentially: Reliance Securities

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..Reliance Securities Report.As per the Society of Indian Automobile Manufacturers, domestic auto sales volume (excluding commercial vehicles) grew by 12% YoY (down 5% month-on-month) to 14,21,241 units in April 2022. Notably, most segments of the automobile industry witnessed a strong YoY performance due to low base (as April-21 was impacted by Covid-2 wave), with passenger vehicle seeing decline due to semiconductor supply issues.Rural recovery supported the performance of two-wheelers in April-22. Moreover, ongoing geopolitical issue continue to impact consumer sentiment to some extent. Though overall demand remained strong on YoY basis, it witnessed sequential decline due to subdued performance of three-wheelers and passenger cars. Overall demand level remained below pre Covid level across segments. The wholesale volume was higher than the retail due to inventory built up citing better sales during ongoing marriage season and expected rural improvement. .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.

SIAM April Data - YoY Improvement On A Low Base, But Declines Sequentially: Reliance Securities

SIAM April Data - YoY Improvement On A Low Base, But Declines Sequentially: Reliance Securities

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