Auto Q4 Preview – A Mixed Bag With Sequential Volume Recovery; Commodity Headwinds To Persist: Axis Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

The auto volumes reported during the quarter stood patchy with certain segments such as the passenger vehicle and premium motorcycle exhibiting strong traction, supported by improvement in the supply-chain situation.

Commercial vehicle segment, too, reported a robust recovery in demand, aided by improving fleet operators’ profitability and higher fleet utilization levels.

However, this was offset by weakness in the domestic two-wheeler segment, led by the rising cost of ownership.

At this juncture, management commentaries are critical as raw material headwinds are likely to impact the profitability from Q1 FY23E onwards. In this retrospect, demand dynamics with price hikes remain key watchful factors for the sector.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

.

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. The auto volumes reported during the quarter stood patchy with certain segments such as…

Leave a Reply

Your email address will not be published.