ICICI Securities Limited
Among PVs, bellwether MSIL's volumes rose modestly by 3.6% YoY to 1.57 lakh units on the back of sharp 45% YoY jump in UVs while bread & butter mini and compact, small car portfolio, declined 7.4% YoY. Tata Motors remained a thorough outlier, posting 93.2% YoY rise to 27,050 units (YTD volumes now up ~45%). M&M; continued to flag semiconductor shortage concerns, with volumes up 4.2% YoY to 20,634 units. CV segment stayed on the path to recovery. M&HCV; truck volumes at Tata Motors and Ashok Leyland were up ~22% and ~29% YoY, respectively....
ICICI Direct released a Sector Update report for Brokerage Research Reports on 22 Sep, 2025.
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