Large US banks – JP Morgan, Citigroup (Citi), Wells Fargo and PNC Financial Services, who have reported Q1CY23 results so far – indicate that YoY growth in technology expenses as reported in their P&L has moderated for Citi and Wells Fargo.
We recently interacted with a large Bihar-based Maruti and Honda 2W dealer, to get a ground-level understanding of both urban and rural markets. Key takeaways: 1) the dealer is expecting FY24 PV and 2W growth at 8-10% and ~12- 15% respectively.