MOSL: AUTOMOBILES | Delhi NCR-Some green shoots in 2Ws/PVs; Expect limited pre-buy across segments
AUTOMOBILES | Delhi NCR: Some green shoots in 2Ws/PVs; Expect limited pre-buy across segments
We conducted extensive checks with our channel partners (PV/2W/CV) in the Delhi NCR region to gauge the trends evolving at the ground level. Key highlights:
- August turned out to be the worst sales month in many years for most OEMs.
- Inquiries have increased in 2W/PV segments, but conversion remains a challenge with customers clearly deferring buying decisions in anticipation of a GST cut and/or higher discounts before the BS6 implementation.
- CVs continue feeling the pinch of lower availability of freight and excess capacity, which is leading to weak demand despite very high discounts.
- Inventory has been bought down across segments due to production cuts by OEMs but still remains higher than normal.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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