Covid Recovery Pulse - Auto retail sustains in December as festive rub-off tapers... - ICICI Direct

Vahan daily registrations during December were at ~83200 units, ~4% above pre-Covid levels. Strong momentum sustained during the month was encouraging, as festive rub-off was prevalent largely during the first two.

E-Way bill generation for December (till December 20) began on a strong note reaching 4 crore. If we compare this to the average bill generation in the months prior to Covid-19 (October 2019-February 2020), it has reached ~110% levels of the average 5.5 crore bills. E-Way bill generation for April, May, July, August, September, October and November hovered at 16%, 46%, 79%, 88%, 90%, 104%, 116% and 105% levels, respectively.

For details, click on the link below: https://www.icicidirect.com/mailimages/IDirect_CovidRecoveryPulse_1Jan21.pdf

Source : Equity Bulls

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