ICICI Securities Limited
In the PV space, market leader Maruti Suzuki (MSIL) reported flattish performance MoM at 1.36 lakh units with company guiding for production at ~80-85% of normal levels for December 2021 vs. ~85% in November. M&M's volumes declined by 3.3% to 19,458 units while Tata Motors' decline stood at 12.3% to 29,947 units (EV sales up 10.4% MoM to 1,715 units). In the CV segment, Market leader Tata Motors (TML) reported volumes of 32,245 units, down 4.2% MoM. Ashok Leyland posted 5.4% decline to 10,480 units while M&M posted flattish volumes at 14,979 units. VECV...
Ventura released a report for Brokerage Research Reports on 19 Sep, 2025.
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