TVS Motor Co Ltd - EBITDA/ PAT Miss Estimates; Rural and Exports Recovery Monitorable
Robust Demand Momentum: In Q2FY25, TVS Motor Co Ltd (TVS) saw two-wheeler (2W) domestic volumes grow by 15% YoY, outperforming the industry’s 11%...
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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...
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Q2FY25 Earnings Preview - Automobile
We prefer TVS Motors, Heromotocorp (and M&M – under soft coverage) in the OEMs; and Endurance Technologies, Sansera Engineering in the Auto...
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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.
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Axis Top Picks for the Month of October 2024
The Axis Top Picks Basket delivered an excellent return of 10.4% in the last three months against the 7.5% returns posted by Nifty 50 over the same...
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