Aditya Makharia's views on November Auto Sales Number for November 2020 - HDFC Securities

The wholesales in the festive month of November have held up with volumes growing in double digits for the car and 2W segment, while CVs have grown at ~5%. Tractor sales remained strong as demand is buoyant on the back of good monsoons.

We believe that post the festive season, the inventory for passenger car OEMs is below the average 30 day levels, which has led to the growth.

Over the rest of the year, we expect sales trends to be better than what was earlier expected As the economy is gradually normalising.

Source : Equity Bulls

Keywords