BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Two-wheeler and tractor wholesales were below our estimates, whereas the same for passenger vehicles/commercial vehicles was largely in line.
While demand for PVs sustain, volume growth continues to reflect supply chain issues. Demand momentum in CVs continues, but there are no signs of recovery in the two-wheeler segment.
Among two-wheelers, monthly volumes for Hero MotoCorp Ltd./Royal Enfield was below our estimate, but was in line for Bajaj Auto Ltd./TVS Motor Company Ltd.
Two-wheeler/tractor volumes declined by ~18%/35% YoY, whereas the same for PVs/CVs grew 7%/5% YoY. Three-wheeler volumes were flat YoY.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
