External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

India Consumer discretionary / Thematic (Sector/Industry)

<ul><li>The Domestic PV industry sales grew by ~6% YoY (flat MoM) to fulfill the order backlogs, especially in the SUV segment as the production constraints eased.</li><li>Domestic CV sales stood robust, up 12% YoY and 27% MoM led by strong infra push, higher replacement demand, and advanced buying in anticipation of price hikes post Apr’23 (on OBD Phase II norms).</li><li>Domestic 2W Wholesales grew by ~20% YoY/MoM (exl. HMSI and Bajaj) on the low base of the last year and post the weak Jan- Feb’23 dispatches.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Domestic PV industry sales grew by ~6% YoY (flat MoM) to fulfill the order backlogs, especially in the SUV segment as the production constraints eased.Domestic CV sales stood robust, up 12% YoY and 27% MoM led by strong infra push, higher replacement demand, and advanced buying in anticipation of price hikes post Apr’23 (on OBD Phase II norms).Domestic 2W Wholesales grew by ~20% YoY/MoM (exl. HMSI and Bajaj) on the low base of the last year and post the weak Jan- Feb’23 dispatches.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Automotive Industry - Mar’23 Wholesale Dispatches Continue to Grow YoY