Covid Recovery Pulse - E-Way bill generation shows recovery signs with auto volumes flat - Oct 3, 2020 - ICICI Securities

Positive momentum continued in September 2020 despite it historically being a month with relatively lower retail sales. Total retail registrations for September were at 13.4 lakh units, down just ~11% YoY.

E-Way bill generation for September (till September 27) ended on a strong note reaching 5 crore. If we extrapolate this and compare to the average bill generation in the months prior to Covid-19 (October 2019-February 2020) it has reached ~100% levels of the average 5.5 crore bills. E-Way bill generation for April, May, July and August hovered at 16%, 46%, 79%, 88% and 90% levels, respectively.

For details, click on the link below: https://www.icicidirect.com/mailimages/IDirect_CovidRecoveryPulse_1Oct20.pdf

Source : Equity Bulls

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