Automobiles News

India Automobiles Q2 Earnings Preview

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Systematix Research Report

Demand momentum for both, commercial vehicle and passenger vehicle segments (albeit only in utility vehicles) remains robust, with supply constraints easing during the quarter. Two-wheeler demand is consolidating, wherein scooters and premium motorcycles (125cc+) are seeing early signs of recovery.

Prices across the commodity basket have further corrected 10-20% QoQ (15-30% YoY) in Q2 FY23. We believe the commodity cost correction and price hikes by various original equipment manufacturers would improve net pricing (especially in CVs).

For ancillaries, benefits from commodity price passthrough would aid operating margins H2 FY23 onwards. We expect QoQ Ebitda margin to expand across OEMs.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Source link