Auto/Auto-Ancillary Sector - Spillover of RM Inflation to Impact Margins
We expect 1QFY23 earnings of Auto & Auto Ancillary companies in our coverage universe to grow significantly over a lower base of 1QFY22.
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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.
176 Views
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.
190 Views
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...
171 Views
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...
168 Views