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Home Auto Mobile

Automobile sector remained subdued due to high inventory, rising cost pressures, say analysts

Wilbert Doyle by Wilbert Doyle
September 13, 2022

Nomura stated that the downside hazard maintains for maximum car agencies except Bajaj Auto. Deutsche Bank believes that the two-wheeler (2W) witnessed a 3rd consecutive month of decline in February 2019, at the back of sturdy February 18 base.

Automobile

Auto sales for February remained subdued across all segments. Statistics show that the retail sales have been disappointing in February amid a high quantity of unsold inventory and tepid buying sentiments.

Nomura stated that the drawback risk keeps for most vehicle organizations besides Bajaj Auto. It expects the enterprise’s overall performance to stay weak inside the close to-time period on high stock and rising value stress. Hence, wholesalers are probably to remain subdued despite a few improvements in retails in March because of marriage season. The brokerage keeps a nine percentage YoY industry boom estimate for FY20F. The top pick for Nomura from the car region is Maruti Suzuki.

Meanwhile, Deutsche Bank believes that the 2-wheeler section (2W) witnessed a 3rd consecutive month of decline in February 2019, at the lower back of strong February 18 base of +24% YoY. Among the mass-marketplace gamers, Bajaj Auto (6 percentage YoY), TVS Motor (zero.5 percentage YoY) outperformed the market whilst Hero MotoCorp was widely in-line.

Motilal Oswal said that the passenger car (PV) volumes remained terrible but looked convalescing due to new product launches and occasional channel inventory. Speaking approximately, tractors’ quantity increase slowed down due to a high base and muted farm sentiment in key markets. The brokerage prefers PVs over CVs/2Ws due to their stronger volume increase and solid aggressive surroundings. The top picks from massive caps are Maruti Suzuki and Motherson Sumi Systems and Endurance Technologies, and Exide Industries from mid-caps.

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Wilbert Doyle

Wilbert Doyle

I am a technology freak, I love new technologies and gadgets. I am always ready to learn new things, so I can share this knowledge with other people. and I am really happy when people like my blogs.

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Vietnam’s automobile import surges 105.1 pct in 2 months

Vietnam's automobile import surges 105.1 pct in 2 months

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