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    Automobiles & Auto Components
    SECTOR | 02 May 2023

    Auto retails: No major surprise across segments

    buy
    Automobiles & Auto Components
    by ICICI Securities Limited
    ICICI Securities Limited
    Domestic 2W retails in Apr’23 (1.23mn units) were down ~7% YoY as festivities (Navratri) was in March this year vs in April in CY22. Other than this factor, we do not see much deviation in the trend of gradual recovery in overall domestic 2W retails, including rural.
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