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    Automobiles & Auto Components
    Automobiles & Auto Components
    SECTOR | 15 Mar 2023

    Domestic auto retails: PVs steady, 2Ws recovering

    buy
    Automobiles & Auto Components
    by ICICI Securities Limited
    ICICI Securities Limited
    On a monthly basis, currently, domestic PV/2W retail volumes are up ~20% vs H1FY23 levels. M&HCVs stand at ~35k units+ monthly levels, similar to FY19 highs already, led by seasonality, demand driven by capex cycle and pre-buying driven by RDE norms coming from April.
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    Alert  
    Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.
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