Automotive Industry - Robust Domestic Sales; 2W Exports Continue to Remain Weak
The domestic CV wholesale volumes registered positive momentum with 11% YoY growth (5% MoM) in Feb’23, which was driven by the growth in the MHCV...
254 Views
Axis Top Picks - March 2023
Axis Top picks basket delivered a positive return of 0.7%, outperforming the Nifty 50 index which declined by 1.7% over the same period (since 1st...
172 Views
India Equity Strategy: Commodity pressure easing, margin expansion on the cards
Aggregate revenue/PAT grew by 19%/6% YoY across the HSIE coverage universe (~208 stocks), their three-year CAGR being 15%/15%
247 Views
Ashok Leyland - Strong Q3FY23 with Beat Across Numbers; Maintain BUY
AL’s share in the MHCV segment improved to 33% in Q3FY23 (32% in Q2FY23/ 26% in Q3FY22). LCV share also improved to 11.6% (up 70/40 bps YoY/QoQ).
366 Views
Automotive Industry - CVs, PVs Outperform
The domestic CV wholesale volumes registered positive momentum with 9% YoY growth in Jan’23, which was driven by the pick-up in infrastructure...
358 Views