New Delhi: Robust double-digit yr on yr progress in February 2024 is probably going for two-wheeler wholesale volumes because of good demand with retails up 10% and a beneficial base, Anand Rathi Analysis stated in a be aware.
Passenger car volumes are more likely to have grown at a wholesome tempo led by constructive retail traits with retails up 4% and stock construct. Industrial autos, although, are more likely to have slid in single digits because of weak LCV volumes and a excessive base.
Tractors are more likely to have declined by low double digits because of the competition timing and challenges in west/south. Within the close to time period, the excessive base would result in muted CV and tractor progress, the report stated.
Two-wheeler quantity progress is predicted to be up by 22% yr on yr, Bajaj’s 2W volumes are more likely to be up 35%, TVS 16%, Hero MotoCorp 7% and Royal Enfield 4%, the report stated.
Passenger car quantity progress is estimated at 7percentyear on yr. M&M’s PV volumes can be up 25%, Tata 10percentand Maruti 1%. Blended reductions have risen notably m/m on larger vendor shares, the report stated.
