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Demand Recovery For Automobiles Continues In 3rd Quarter Report


BW Businessworld
Demand Recovery For Automobiles Continues In 3rd Quarter: Report
On a wholesale basis, the report estimates tractor volumes to grow by 22 per cent year-on-year, passenger vehicle segment demand to rise 15 per cent, and two-wheelers 19 per cent on a low base of last year
Photo Credit : Reuters
The demand recovery for automobiles continued in the December quarter, with strong momentum witnessed in retail sales of tractors and passengers vehicles, according to a report.
According to the report by brokerage Motilal Oswal Financial Services, the recovery in sales has been stronger than expected across segments, excluding the three-wheelers, driven by pent-up demand, positive agri-economics and a shift to private from public transport.

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