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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
03 July, 2025 15:49 IST
Automobile-Lower base and revival in demand to improve overall performance: IDBI Capital
Source: IRIS | 07 Apr, 2021, 05.18PM
Rating: NAN / 5 stars.
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   Post festive season, we have seen good demand across tractor, PV and CV’s. This may be led by preference for personal mobility during the pandemic, low base of last year as industry moved to BSVI, lockdown of 7 days last year, strong macro-economic factor and new launches.

IDBI Capital expects OEM's like Ashok Leyland (AL) (31%), Maruti Suzuki (4%), Eicher Motors (EIM) (3%) increase in revenue on QoQ basis on account of strong revival and price hikes taken during the quarter.

Among auto ancillary companies, the broking firm expects Jamna Auto (JAI) (30%) Lumax Auto Technologies (LATM) (15%), Minda Industries (MIL) (20%) MM Forgings (MMFG) (20%) increase in revenue on QoQ basis.Key things to look out for in management commentaries - demand outlook for FY22, Semi-Conductor issue, 2nd COVID wave impact.

Commenting on the outlook, IDBI Capital opined, "In FY21, we have seen strong rebound across different segments post Q1FY21. We have seen double digit growth for tractor segment in FY21 whereas PV, 2W and CV’s continue to recover. We believe industry is set to report double digit growth in FY22 for PV, 2W and CV and high single digit growth for tractor industry. However, key challenges like supply chain constraint due to semiconductors and continue price hikes can affect demand in near term."

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

 



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