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Moneycontrol

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Kotak Mutual Fund
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October auto sales: Sequential improvement brings cheer

While the scarcity of semiconductor chips continues to pose a challenge for auto makers, there has been a perceptible improvement in the month-on-month wholesale numbers in October 2021

November 02, 2021 / 11:35 AM IST
October auto sales: Sequential improvement brings cheer

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Chip shortage hits wholesale volumes - CV continues to maintain strong momentum - Three-wheelers picking up pace - There are early signs of easing of chip supply constraints While the scarcity of semiconductor chips continues to pose a challenge to auto makers, there has been a perceptible improvement in the month-on-month wholesale numbers in October 2021, betraying some early signs of easing of the supply constraint. The passenger vehicle (PV) segment, which was the worst hit, saw a significant recovery during the month. Maruti, the leader in...

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