In today’s briefing:
- India Autos | Q3 Review and Channel Map – Escorts, Mahindra & Mahindra
- Company Update | Crompton Greaves Consumer Electricals
India Autos | Q3 Review and Channel Map – Escorts, Mahindra & Mahindra
- We analyze Q3 FY22 results for Escorts Ltd (ESC IN) & Mahindra & Mahindra (MM IN) with a primary focus on farm equipment (Tractor) divisions.
- High base, price increases and a move to support dealers indicate muted volumes ahead for Escorts Ltd (ESC IN).
- For Mahindra & Mahindra (MM IN), valuations are compelling, auto volumes are good, but recovery in farm equipment remains the key catalyst for outperformance.
Company Update | Crompton Greaves Consumer Electricals
- Acquisition of Butterfly Gandhimathi Appliances Ltd.
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