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Moneycontrol Pro Panorama | Auto sales are running out of fuel

In today’s edition of Moneycontrol Pro Panorama: The metal play, Anand Rathi IPO gets off the block, decoding Digital Banks, Start-up Street, Rahul Dravid faces a tall order, Lex-speak and more

December 02, 2021 / 02:45 PM IST

Dear Reader,

The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of.

Auto wholesale sales data for November poured cold water on expectations of a strong rebound in performance after the second wave of COVID-19. On the contrary, the sector continues to battle challenges on demand and supply fronts.

What’s most disappointing is that wholesale sales of cars and two-wheelers fell over a year ago and also compared to October. While management commentary blames the semiconductor shortage as one of the key reasons, concerns on a slowdown in demand are coming to haunt the industry.