ICICI Securities Limited
In the 2-W pack, market leader Hero MotoCorp outperformed with 27% YoY decline for the month to 4.5 lakh units while Bajaj Auto and Royal Enfield volumes fell 27.4% and 34.8%, respectively. On the PV side, bellwether MSIL posted 54% YoY decline in total volumes to 57,428 units (UV down 45%). M&M;'s UV portfolio declined 55% while Tata Motors' domestic PV volumes fell 60.6% YoY to 14,571 units for the quarter, helping it to outperform both companies. M&HCV; segment remained an underperformer, reporting dismal >90%...
ICICI Direct released a Buy report for Brokerage Research Reports on 23 Sep, 2025.
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