Auto Q3 Results Preview- Moderation In Demand Outlook Post Festive Season; M&M Among Axis Securities Top Picks

Passenger vehicle sales are expected to moderate on a high base, while new product launches from certain OEMs in the SUV segment are anticipated to drive growth. However, sluggish demand may persist for entry-level vehicles..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.We expect earnings downgrades across companies on the back of weakness in global and domestic demand. We expect the tractor segment to perform better than the two-wheeler/passenger vehicle/commercial vehicle supported by favorable monsoons and higher water reservoir levels leading to revival in rural demand. Additionally, export volume recovery will play a crucial role in earnings visibility in Q4 FY25 and beyond. PV sales are expected to moderate on a high base, while new product launches from certain OEMs in the SUV segment are anticipated to drive growth. However, sluggish demand may persist for entry-level vehicles. For commercial vehicles, we anticipate low-single-digit growth and 2wo-wheeler/tractors may witness mid-to-high single-digit growth in the near term. Better average selling price on crop realisation , wedding season demand and rural-focused government budget may uplift the rural ssentiments in the coming months. Given these factors, we remain selective in our approach towards OEMs under our coverage. We prefer Eicher Motors, Maruti (and Mahindra and Mahindra – under soft coverage) in the OEMs; and Endurance Technologies, Sansera Engineering in the auto ancillary space..Click on the attachment to read the full report:.FMCG, Retail Q3 Preview – Urban Recovery To Take Centre Stage; Trent, Doms Among Axis Securities' Top Plays.DISCLAIMERThis 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.

Auto Q3 Results Preview- Moderation In Demand Outlook Post Festive Season; M&M Among Axis Securities Top Picks

Axis Securities prefers Eicher Motors, Maruti in the OEMs; and Endurance Technologies, Sansera Engineering in the auto ancillary space.

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Auto Q3 Results Preview- Moderation In Demand Outlook Post Festive Season; M&M Among Axis Securities Top Picks

Axis Securities prefers Eicher Motors, Maruti in the OEMs; and Endurance Technologies, Sansera Engineering in the auto ancillary space.

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