External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Oct’24 Wholesale Volumes: The domestic 2W industry witnessed strong volume growth of ~11% YoY and 6% MoM, while total exports were up by 23% YoY and 2% MoM, respectively.</li><li>Domestic PV sales (Exhibit-2) grew by 1-3% YoY (up 10-12% MoM), led by strong volumes in Toyota, M&amp;M, Kia, and MG, which were partly offset by weakness in MSIL and Honda while tata motors and Hyundai witnessed flat volumes.</li><li>The domestic CV industry sales were flat YoY (up 9% MoM), mainly due to lower MHCV truck volumes, which were offset by high bus volumes. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Oct’24 Wholesale Volumes: The domestic 2W industry witnessed strong volume growth of ~11% YoY and 6% MoM, while total exports were up by 23% YoY and 2% MoM, respectively.Domestic PV sales (Exhibit-2) grew by 1-3% YoY (up 10-12% MoM), led by strong volumes in Toyota, M&amp;M, Kia, and MG, which were partly offset by weakness in MSIL and Honda while tata motors and Hyundai witnessed flat volumes.The domestic CV industry sales were flat YoY (up 9% MoM), mainly due to lower MHCV truck volumes, which were offset by high bus volumes. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Monthly Auto Volume Update - Automotive Industry - October 2024

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Bajaj Auto: Driven by a better mix and higher sales of spare parts, Bajaj Auto’s Q2 revenue grew 21% YoY to INR 127bn (HSIE INR 128bn)</li><li>Freedom 125 retail sales stood at 10k till Sept-24, with an expectation to hit 18k by Oct-24</li><li>Based on positive feedback, BAL is increasing capacity for Freedom 125 to 30k units per month in Q3, then to 40k units per month in Q4</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Auto: Driven by a better mix and higher sales of spare parts, Bajaj Auto’s Q2 revenue grew 21% YoY to INR 127bn (HSIE INR 128bn)Freedom 125 retail sales stood at 10k till Sept-24, with an expectation to hit 18k by Oct-24Based on positive feedback, BAL is increasing capacity for Freedom 125 to 30k units per month in Q3, then to 40k units per month in Q4Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: Bajaj Auto, L&T Technology Services

Equity Bottom-Up

<ul><li>Domestic Growth Drivers: The domestic 2W industry is expected to grow in the high single digits in FY25, with stronger growth in 125 cc motorcycles.</li><li>Bajaj, with its presence in multiple power trains – petrol, CNG, and EVs – is projected to achieve a higher growth rate of 11-12% YoY.</li><li>The company has lined up new launches from Nov’24 onwards which includes new e2W and e3W variants. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Domestic Growth Drivers: The domestic 2W industry is expected to grow in the high single digits in FY25, with stronger growth in 125 cc motorcycles.Bajaj, with its presence in multiple power trains – petrol, CNG, and EVs – is projected to achieve a higher growth rate of 11-12% YoY.The company has lined up new launches from Nov’24 onwards which includes new e2W and e3W variants. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Auto Ltd - Q2 EBITDA Inline; Positives Largely Factored in Rich Valuations

<ul><li>The premiumisation trend remains in focus with UVs and premium 2Ws driving the growth</li><li>The entry-level 2W demand is expected to increase after a good monsoon and kharif sowing</li><li>However, it is pertinent to highlight that demand for 125cc and above continued to be strong</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The premiumisation trend remains in focus with UVs and premium 2Ws driving the growthThe entry-level 2W demand is expected to increase after a good monsoon and kharif sowingHowever, it is pertinent to highlight that demand for 125cc and above continued to be strongContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Autos (Q2FY25 Results Preview): 2W to Drive Growth, Soft Quarter for PVs

<ul><li>Sep’24 Wholesale Volumes: The domestic 2W industry witnessed strong volume growth of ~17%/20% and 2W exports were up by 19%/9%% YoY/ MoM respectively.</li><li>The domestic PV sales (Exhibit-2) volume stood between -2% to 2% YoY, largely due to weakness in MSIL/Tata Motors/Hyundai/ Honda, partly offset by strong domestic SUV volumes by Toyota/ M&amp;M/Kia.</li><li>The domestic CV industry sales degrew by ~12% YoY mainly due to lower MHCV truck and Bus volumes. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sep’24 Wholesale Volumes: The domestic 2W industry witnessed strong volume growth of ~17%/20% and 2W exports were up by 19%/9%% YoY/ MoM respectively.The domestic PV sales (Exhibit-2) volume stood between -2% to 2% YoY, largely due to weakness in MSIL/Tata Motors/Hyundai/ Honda, partly offset by strong domestic SUV volumes by Toyota/ M&amp;M/Kia.The domestic CV industry sales degrew by ~12% YoY mainly due to lower MHCV truck and Bus volumes. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Auto Monthly Sales Volume - September 2024

India

Bajaj Auto Limited manufactures and distributes motorized two-wheeled and three-wheeled scooters, motorcycles and mopeds.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bajaj Auto Ltd (BJAUT IN)

Monthly Auto Volume Update - Automotive Industry - October 2024

The domestic 2W industry witnessed strong volume growth of ~11% YoY and 6% MoM, while total exports were up by 23% YoY and 2% MoM, respectively.

Axis Direct

HSIE Results Daily: Bajaj Auto, L&T Technology Services

Bajaj Auto: Driven by a better mix and higher sales of spare parts, Bajaj Auto’s Q2 revenue grew 21% YoY to INR 127bn (HSIE INR 128bn)

HDFC Securities

Bajaj Auto Ltd - Q2 EBITDA Inline; Positives Largely Factored in Rich Valuations

Domestic Growth Drivers: The domestic 2W industry is expected to grow in the high single digits in FY25, with stronger growth in 125 cc motorcycles.

Axis Direct

Autos (Q2FY25 Results Preview): 2W to Drive Growth, Soft Quarter for PVs

The premiumisation trend remains in focus with UVs and premium 2Ws driving the growth. The entry-level 2W demand is expected to increase after a...

HDFC Securities

Auto Monthly Sales Volume - September 2024

Sep’24 Wholesale Volumes: The domestic 2W industry witnessed strong volume growth of ~17%/20% and 2W exports were up by 19%/9%% YoY/ MoM respectively.

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)