Covid Recovery Pulse - E-Way bill generation for month ends on strong note...

Daily Vahan registrations tapered off at the start of April 2022 from the recent high witnessed in the past month with current reading coming in at ~70,000 units i.e. ~88% of pre-Covid levels on MTD basis vs. ~74,000 units clocked in March 2022 i.e. ~93% of pre-Covid levels. With revived economic activity and opening of workplaces we expect vehicle registration to bounce back and report retail sales at ~90% of pre-Covid levels in April 2022.

E-Way bill generation for March ended on a strong note, reaching 7.8 crore. If we compare this to the average bill generation in the months prior to Covid-19 (October 2019-February 2020), it has reached ~148% levels of the average 5.5 crore bills. E-Way bill generation for April, May, June, July, August, September, October, November, December, January and February hovered at 107%, 73%, 100%, 117%, 120%, 123%, 134%, 111%, 130%, 125% and 125%, respectively.

For details, click on the link below: Link to the report

Source : Equity Bulls

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CovidRecoveryPulse ICICIDirect EWayBill