Eicher Motors - Strong Q4, Multiple Growth Levers Ahead; Maintain BUY
The impact of higher exports, price hikes on Hunter and Bullet and product mix (Meteor-650 launch) was higher than our expectations leading to a...
349 Views
Autos: Growth rates set to normalise
Two-wheelers continued their weak trend even for Q4 with 2W industry production declining by 5% QoQ in Q4. While domestic 2W sales declined 7% QoQ
220 Views
Auto Q4fy23 Preview - Improved Product Mix, Moderation in Rm Costs to Drive Margin Growth
EBITDA margins are expected to expand both YoY/QoQ due to a richer product mix, absorption of price hikes, and marginally lower RM costs.
246 Views
Automotive Industry - Mar’23 Wholesale Dispatches Continue to Grow YoY
The Domestic PV industry sales grew by ~6% YoY (flat MoM) to fulfill the order backlogs, especially in the SUV segment as the production...
476 Views
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...
258 Views