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Reliance Securities Report
As per the Society of Indian Vehicle Producers, home auto gross sales quantity (excluding industrial automobiles) grew by 12% YoY (down 5% month-on-month) to 14,21,241 items in April 2022.
Notably, most segments of the car trade witnessed a powerful YoY efficiency attributable to low base (as April-21 was impacted by Covid-2 wave), with passenger car seeing decline attributable to semiconductor provide points.
Rural restoration supported the efficiency of two-wheelers in April-22. Furthermore, ongoing geopolitical situation proceed to impression shopper sentiment to some extent.
Although total demand remained robust on YoY foundation, it witnessed sequential decline attributable to subdued efficiency of three-wheelers and passenger vehicles.
Total demand degree remained beneath pre Covid degree throughout segments.
The wholesale quantity was larger than the retail attributable to stock constructed up citing higher gross sales throughout ongoing marriage season and anticipated rural enchancment.
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