MOSL: AUTOMOBILES-2W retails recovering post initial GST hiccups-Rural growth recovering on positive sentiment
​Automobiles: 2W retails recovering post initial GST hiccups; Rural growth recovering on positive sentiment due to timely rain
- We interacted with leading 2W mass market channel partners from Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Rajasthan to understand and assess the demand recovery post GST.
- Most 2W channel partners indicted gradual recovery in retail demand from the second half of July. Our interactions indicate that TVSL, HMSI and HMCL are growing better than BJAUT in retails.
- Factors such as good monsoon and increase in MSPs have lifted sentiment in rural/semi-urban areas. Pre-festive demand is evident in states like Maharashtra and Gujarat.
- Channel partners have indicated pre-festive inventory building driving wholesale demand.
- Floods in Rajasthan and Gujarat are impacting demand in a few regions. Launch of Vahan-4 is halting vehicle registration in few districts of Gujarat.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.