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05 Sep 2025
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Automobiles & Auto Components
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ICICI Direct
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Sector Update
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Government has announced GST 2.0 reforms which aims to rationalize the current multi-slab structure into a simpler framework, with two main rates of 5% and 18%, and a higher 40% slab for luxury and sin goods. For the auto sector, this overhaul...
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03 Sep 2025
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Automobiles & Auto Components
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invest4Edu
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Sector Update
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India’s auto sales in August 2025 reflected a broadly mixed trend across segments. The industry’s domestic retail performance softened as consumers deferred purchases in anticipation of potential GST cuts
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02 Sep 2025
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Automobiles & Auto Components
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Axis Direct
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Sector Update
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We prefer TVS Motors, Hero Motocorp, and Bajaj Auto in 2Ws (Eicher seems fully valued at CMP); M&M (non-coverage) as a play in the PV/LCV/tractor segment, followed by Maruti in PVs. We also like Ashok Leyland in the CV space, followed by a close watch on Eicher (VECV) for any market share gains.
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02 Sep 2025
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Automobiles & Auto Components
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Deven Choksey
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Sector Update
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Total sales volumes remained largely flat at 1,80,683 units (-0.6% YoY, +0.1% MoM), as domestic weakness continued to weigh on overall growth, partly offset by resilient exports and steady LCV demand.
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02 Sep 2025
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Automobiles & Auto Components
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ICICI Direct
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Sector Update
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OEM wholesale sales volume for August 2025 came in healthy with 2W & tractor segments outperforming its peers. Notably, exports continue to stage a healthy growth on YoY basis for most of the OEMs. CV space reported healthy volume prints for the month of August 2025 with green shoots of recovery visible in the LCV segment. Maruti performed better than the peers in PV segment while Royal Enfield (Eicher motors) lead the growth charge in 2W domain. M&M continues to decisively dominate the...
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29 Aug 2025
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Automobiles & Auto Components
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Motilal Oswal
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Sector Update
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The proposed GST rate rationalization has created uncertainty among consumers, leading to the postponement of purchase decisions, most noticeably in the PV segment, and to a lesser extent in 2Ws.
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20 Aug 2025
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Automobiles & Auto Components
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Axis Direct
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Sector Update
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Top Conviction Ideas - Hero MotoCorp Ltd; Bajaj Auto Ltd; Ashok Leyland; Sansera Engineering.
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05 Aug 2025
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Automobiles & Auto Components
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invest4Edu
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Sector Update
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In July 2025, India’s automobile industry navigated an uncertain landscape marked by split dynamics across its segments. Passenger car dispatches were flat or slightly down, reflecting weak demand, high inventory levels, and a cautious retail outlook.
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04 Aug 2025
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Automobiles & Auto Components
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Axis Direct
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Sector Update
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Auto Monthly Sales Volume - July 2025
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04 Aug 2025
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Automobiles & Auto Components
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Deven Choksey
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Sector Update
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Total sales volume grew by 3.1% YoY (+7.5% MoM) to 1,80,526 units, led by strong export growth and a broad-based sequential recovery in domestic dispatches.
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09 Jul 2025
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Automobiles & Auto Components
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Axis Direct
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Sector Update
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Q1FY26 Earnings Preview - Automobile
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07 Jul 2025
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Automobiles & Auto Components
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Deven Choksey
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Sector Update
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The Indian auto industry witnessed a divergent performance in Q1FY26, with strong traction in the two-wheeler and tractor segments, while the passenger vehicle (PV) and commercial vehicle (CV) categories grappled with demand moderation, elevated inventory, and fragile retail sentiment.
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03 Jul 2025
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Automobiles & Auto Components
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BP Wealth
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Sector Update
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02 Jul 2025
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Automobiles & Auto Components
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Axis Direct
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Sector Update
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We prefer Hero Motocorp and Bajaj Auto in 2Ws (TVS, Eicher seem fully valued at CMP); M&M (non-coverage) as a play in the PV/LCV/tractor segment, followed by Maruti in PVs. We also like Ashok Leyland in the CV space, followed by a close watch on Eicher (VECV) for any market share gains.
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06 Jun 2025
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Automobiles & Auto Components
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Axis Direct
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Sector Update
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Top Conviction Ideas - Hero Motocorp Ltd, Ashok Leyland, Sansera Engineering Ltd, Steel Strip Wheels Ltd.
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03 Jun 2025
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Automobiles & Auto Components
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Axis Direct
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Sector Update
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In the long term, we prefer TVS Motors and Hero Motocorp in 2Ws; M&M (non-coverage) as a play in the PV/LCV/tractor segment, followed by Maruti in PVs. We also keep a close watch on Ashok Leyland and Eicher (VECV) in the CV space for market share gains.
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03 Jun 2025
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Automobiles & Auto Components
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BP Wealth
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Sector Update
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05 May 2025
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Automobiles & Auto Components
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BP Wealth
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Sector Update
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05 May 2025
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Automobiles & Auto Components
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Axis Direct
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Sector Update
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In the long term, we prefer TVS Motors and Hero Motocorp in 2Ws; M&M (non-coverage) as a play in the PV/LCV/tractor segment, followed by Maruti in PVs. We also keep a close watch on Ashok Leyland and Eicher (VECV) in the CV space for potential volume growth.
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02 May 2025
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Automobiles & Auto Components
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ICICI Direct
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Sector Update
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