Tata Motors - Margin Beat on Better Mix; Commodity and Chip Shortage Risks Persist
Tata Motors reported cons. revenue of Rs784.4bn, down 11.4%/up 8.6% YoY/QoQ. JLR revenue declined by 27% YoY due to lower volume.
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Automobile Sales Estimates – 2Ws Rising from Dust; Demand Outlook for PVs and CVs Positive
Based on our channel checks, we saw some improvement in 2W demand in April’22 while demand in CV and PV segments continued to remain robust.
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Minda Industries - Outlook Intact; New Products to Drive Outperformance
Production ramp-up in progress on improving demand: The Pune switches plant caters to PV switches for OEMs such as Mahindra & Mahindra, Tata...
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Autos: Time to relook
We expect auto demand (across segments) to revive on a low base relative to the peak of FY19, led by a pick-up in economic growth and expected...
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Auto Monthly Volume Update - Mar 2022 - Easing Supply Chain Issues Improve PV & CV Traction
FY22 was a difficult year for the auto industry on account of supply-chain challenges as well as RM headwinds, resulting in an increased total cost...
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