Editor’s Opinion | August sales figures will be litmus test for auto stocks, says Nikunj Dalmia

SEPTEMBER 01, 2021 09:03 IST | ENGLISH | MONEY & FINANCE | GENERAL HEARING

Shailaja Mohapatra

All eyes are on the August auto sales issue today! The recovery in rural markets is estimated to help the numbers, especially for the two-wheeler and utility vehicle segments. The semiconductor shortage continues to impact the supply of passenger vehicles and could hamper growth, while for tractors this month could be low due to the seasonal effect on agricultural demand. According to ET NOW editor-in-chief Nikunj Dalmia, August’s figures will be a litmus test for businesses. “There is a great disruption of electric vehicles in the two-wheeler space, which will keep the terminal value of two-wheeler inventory low in the market. Meanwhile, the demand scenario is not as strong as after the first wave. In addition to the woes, semiconductor shortage issues are creating concerns on the supply side. With the return of mobility, Ola and Uber trips could increase and customers could postpone car purchases until they find the models they want, ”he explains. Look to find out what you should look for in business reviews today.

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