Eicher Motors - Strong Q4, Multiple Growth Levers Ahead; Maintain BUY
The impact of higher exports, price hikes on Hunter and Bullet and product mix (Meteor-650 launch) was higher than our expectations leading to a...
378 Views
Eicher Motors (EIM IN) | Ramping Up
Our dealer interaction indicates strong demand for Royal Enfield bikes with returning customers, Hunter is expanding the market, and focus on...
531 Views
Autos: Growth rates set to normalise
Two-wheelers continued their weak trend even for Q4 with 2W industry production declining by 5% QoQ in Q4. While domestic 2W sales declined 7% QoQ
293 Views
Auto Q4fy23 Preview - Improved Product Mix, Moderation in Rm Costs to Drive Margin Growth
EBITDA margins are expected to expand both YoY/QoQ due to a richer product mix, absorption of price hikes, and marginally lower RM costs.
305 Views
Automotive Industry - Mar’23 Wholesale Dispatches Continue to Grow YoY
The Domestic PV industry sales grew by ~6% YoY (flat MoM) to fulfill the order backlogs, especially in the SUV segment as the production...
568 Views