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...
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HSIE Results Daily: Maruti Suzuki, SBI Cards and Payment Services
Maruti Suzuki: Maruti’s Q3 PAT, at INR 23.5bn, came in above our estimate of INR 18bn, led by better-than-expected ASP and higher other income
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TVS Motors - Market Share Gains and Promising EV Product Portfolio
Growing presence in premium ICE models (125cc & above) and focus on building EV product portfolio (ranging from 5Kwh to 25KwH) in 12-18 mths; ahead...
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Autos (Q3FY23 Results Preview): CVs could outperform in Q3
In Q3, while 2W demand failed to pick up even in the festive season, PV, tractor and CV demand remained healthySupply chain constraints for major...
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Auto Q3FY23 Preview - Margin Recovery Likely in Q3
We expect Revenue/EBITDA/PAT of Auto OEMs to grow at 17%/39%/45% YoY in Q3FY23. However, we expect Auto OEMs to post de-growth of 6%/1.5%/2.3% on a...
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