NOMURA ON AUTOS
Volumes Below Our Estimate For Ashok Leyland, TVS & Tata Motors
M&M's Tractor Volumes Covered Up For Weaker SUV Sales
Bajaj Auto's & Maruti's Wholesales Ahead Partly Driven By Higher Exports
Small Cars Unlikely To See Significant Revival & SUVs Will Continue To Gain Share NOMURA ON AUTOS
Volumes Below Our Estimate For Ashok Leyland, TVS & Tata Motors
M&M’s Tractor Volumes Covered Up For Weaker SUV Sales
Bajaj Auto’s & Maruti’s Wholesales Ahead Partly Driven By Higher Exports
Small Cars Unlikely To See Significant Revival & SUVs Will Continue To Gain Share