SIAM August Data - Steady Performance Improvement, But At Lower Pace: 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 18% YoY (up 10% month-on-month) to 18,74,815 units in August 2022. Notably, all segments of the automobile industry witnessed a strong YoY and month-on-month (except passenger vehicle) performance due to ease in the semi-conductor supply, overall recovery and inventory built up ahead of festival, despite slow rural recovery. It witnessed sequential improvement due to festival season kicking in from August, though erratic monsoon spoiled the show, particularly in rural India. Despite improvement, overall demand level remained below pre Covid level for most of the segments. The wholesale volume was higher than the retail due to inventory built up citing better sales during the upcoming festival. .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 August Data - Steady Performance Improvement, But At Lower Pace: Reliance Securities