Monthly Volume Update - Automotive Industry
The Domestic 2W industry reported strong growth of ~27% YoY (albeit on a low base), even with some recovery evident on an MoM basis (up 18% MoM).
554 Views
Escorts Kubota Ltd - Long-Term Growth Drivers Intact; Maintain BUY
Escorts Kubota Ltd (EKL) revenues for Q4FY23 were reported at Rs 2,214 Cr (up 17% YoY but down 3% QoQ), which was in line with our estimates.
470 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
Automotive Industry - Robust Domestic Sales; 2W Exports Continue to Remain Weak
The domestic CV wholesale volumes registered positive momentum with 11% YoY growth (5% MoM) in Feb’23, which was driven by the growth in the MHCV...
331 Views