Vehicle Financing - Secular Opportunity Meets Cyclical Tailwinds
With green shoots in the underlying PV and CV segments, the Indian vehicle financing disbursals (FY22: ~US$ 42bn) is poised to ride a secular 15%+...
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Autos - Margin Pressure to Be Lower than Earlier Envisaged
We refrain from comparing YoY numbers, given the low base of last year and, hence, compare numbers on a QoQ basis for all companies.
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Auto/Auto-Ancillary Sector - Spillover of RM Inflation to Impact Margins
We expect 1QFY23 earnings of Auto & Auto Ancillary companies in our coverage universe to grow significantly over a lower base of 1QFY22.
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HSIE Results Daily: Ashok Leyland, Alkyl Amines, Prince Pipes
Ashok Leyland: In Q4, Ashok Leyland’s (AL) margin improved 130bps YoY to 8.9%, led by (1) 11% YoY volume growth and (2) 13% YoY realisation growth.
286 Views
Autos: Time to relook
We expect auto demand (across segments) to revive on a low base relative to the peak of FY19, led by a pick-up in economic growth and expected...
276 Views