Vahan daily registrations have continued to ramp up in February, reaching ~68600 units, ~86% of pre-Covid levels (MTD basis) vs. ~80% as of last week - retaining most of the post-festive resilience seen in January.
E-Way bill generation for February started on a strong note reaching 4.7 crore. If we compare this to the average bill generation in the months prior to Covid-19 (October 2019-February 2020), it has reached ~119% of the average 5.5 crore bills. E-Way bill generation for April, May, July, August, September, October, November, December and January hovered at 16%, 46%, 79%, 88%, 90%, 104%, 116%, 105%, 116% and 114% levels, respectively.
For details, click on the link below: https://www.icicidirect.com/mailimages/IDirect_CovidRecoveryPulse_26Feb21.pdf