NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
The domestic two-wheeler industry witnessed strong volume growth of ~9%/19% and total exports were up by 14%/2%% YoY/ month-on-month respectively.
The domestic passenger vehicle sales degrew by 1-4% YoY (up 3% MoM), largely due to weakness in Maruti Suzuki India Ltd./Tata Motors Ltd./Hyundai/ Honda partly offset by strong domestic SUV volumes by Toyota/ Mahindra and Mahindra Ltd./ Kia/ MG.
The domestic commercial vehicle industry sales degrew by ~11% YoY (marginally up 3% MoM) mainly due to lower medium and heavy commercial vehicle truck volumes which were partly set off by high bus volumes).
The three-wheeler domestic wholesales for Bajaj/M&M grew by 2%/32% while TVS de-grew by 7% YoY. The domestic tractor industry witnessed flat volume growth YoY.
Click on the attachment to read the full report:
Also Read: India Strategy - ‘Stock Melt-Up’ Reduces Forward Equity Return Prospects: ICICI Securities
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
Lamosaic India IPO Opens For Subscription: Check GMP, Price Band, Offer Size And Other Key Details
Nov 21, 2024
Gold Price Falls Further On Low Demand—Check Rates
Nov 18, 2024
Wipro Q2 Results Review - A Mixed Bag; Commentary Falls Short Of Broad Recovery: Dolat Capital
Oct 18, 2024
LTIMindtree Q2 Results Review - Mixed Bag; Commentary Turns Cautiously Optimistic: Dolat Capital
Oct 18, 2024
POPULAR