Overall auto segment's YoY wholesales likely to grow

New Delhi: Wholesale volumes of several automobile segments are estimated to grow on a year-on-year basis in December, said a report by Motilal Oswal Financial Services.

As per the report, in December 2020, wholesale volumes are estimated to grow at 14.4 per cent for two-wheelers on a low base and 5.4 per cent for passenger vehicles due to the year-end sales.

Similarly, wholesale volumes for tractors are expected to grow. The volume is expected to zoom by 38.4 per cent YoY on robust demand and lower base. However, commercial vehicle volumes are likely to decline by 2.8 per cent.

"Discounts currently stand at 50 per cent as compared to last year," the report said.