Motilal Oswal - MOSL: AUTOMOBILE | Auto Expo 2018-Action in 125cc scooters and EVs-No big new launch in PVs

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Motilal Oswal

Jinesh Gandhi

MOSL: AUTOMOBILE | Auto Expo 2018-Action in 125cc scooters and EVs-No big new launch in PVs

Automobile | Auto Expo 2018: Action in 125cc scooters and EVs; No big new launch in PVs

We attended Auto Expo 2018 held at Greater Noida, NCR. While there were no major new launches in PVs, the 2W segment witnessed several launches in 125cc scooters and the premium segment. Also, on expected lines, there was high focus on EVs in all the segments, with several concepts on display and few launches as well. Key highlights:

No major new launches in 4Ws: In PVs, no major new launch was announced except MSIL's new Swift, which has already touched bookings of ~40k units and waiting period of 8-10 weeks. Honda has launched new Amaze, new CR-V, and new Civic while Toyota has launched Yaris in the mid size sedan segment. M&M showcased G4 Rexton in the premium SUV segment under the Mahindra badge while Tata Motors showcased H5X concept (expected launch by 4QFY19; to compete with Hyundai's Creta and M&M's XUV 500) in the mid-SUV segment.
High focus on 125cc scooters and premium motorcycles: In 2Ws, rising OEM focus on the 125cc scooter segment was visible, with five new product launches - TVS' NTORQ 125, Hero's Duet 125 and Maestro Edge 125, Suzuki's Burgman maxi-scooter and Piaggio Aprillia SR125. The premium motorcycle segment witnessed further heating up of competition, with HMCL launching xPulse 200 and HMSI unveiling its third 160cc bike, X-Blade, which will be competing with Bajaj Pulsar 160, Suzuki Gixxer and TVS Apache.

10/02/2018 10 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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Analysts

Jinesh Gandhi

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MOSL: AUTOMOBILE | Auto Expo 2018-Action in 125cc scooters and EVs-No big new launch in PVs

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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