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.
Anand Rathi Report
Strong double-digit YoY growth is likely for two-wheeler wholesale volumes in March 2024 due to good demand (retails up high-single digit) and a favorable base (supply constraints).
Passenger vehicles volumes are likely to have grown at a healthy pace led by inventory build. Cpmmercial vehicles, though, are likely to have slid in single digits due to the high base (early buying last year due to OBD-2 norms).
Tractors are likely to have declined by lowdouble digits due to the festival (Navratri) timing and challenges in west/south.
In the near term, the high base would lead to muted CV and tractor growth. Nevertheless, we are positive on the auto sector. Our preferred original equipment manufacturer picks are Hero MotoCorp Ltd. and Escorts Kubota Ltd.
Click on the attachment to read the full report:
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
