Auto Monthly Volume August 2024
Aug’24 Wholesale Volumes: The domestic 2W industry witnessed strong volume growth of ~9%/19% and total exports were up by 14%/2%% YoY/ MoM...
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Quarterly Flipbook: Earnings growth moderates, demand pick-up holds the key
The aggregate performance of the Q1FY25 earnings season was largely on expected lines, with wide divergences across sectors and companies
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Mahindra and Mahindra - Operationally Weak; Earnings in Line Due to Low Credit Costs
Mahindra & Mahindra Financial’s (MMFS) 1QFY25 PAT grew ~45% YoY to ~INR5.1b (in line).NII stood at INR17.8b (5% miss), up ~13% YoY.
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Autos (Q1FY25 Results Preview): 2W to Drive Growth While PVs Ride Pillion
We continue to like Maruti Suzuki, and M&M as we expect both of them to continue to outperform the UV segment, which would in turn help improve...
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Q1FY25 Earnings Preview - Automobile
Auto OEMs: We expect Revenue/EBITDA/PAT for our OEM coverage universe to grow by ~10%/24%/21% YoY along with ~160bps improvement in EBITDA margin.
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