Motilal Oswal - MOSL: AUTOMOBILES | Nov-19 wholesales-1. Bajaj Auto; 2. Hero Moto; 3. TVS; 4. Ashok Leyland; 5. Escorts

Report

Motilal Oswal

Jinesh Gandhi

EUR 120.00 For Business Accounts Only

MOSL: AUTOMOBILES | Nov-19 wholesales-1. Bajaj Auto; 2. Hero Moto; 3. TVS; 4. Ashok Leyland; 5. Escorts

AUTOMOBILES | Nov-19 wholesales: 1. Bajaj Auto; 2. Hero Moto; 3. TVS; 4. Ashok Leyland; 5. Escorts

Bajaj Auto: In-line at ~403k units (flat YoY); Domestic volumes down ~12% YoY, exports up ~14% YoY

BJAUT's sales were flat YoY at ~403k units (in-line) in Nov'19.
Domestic volumes declined ~12% YoY to 208k units (in-line), while exports increased ~14% YoY to ~195k units (our estimate: 184k).
2W volumes were flat YoY at 343.4k units. Domestic motorcycle dispatches declined ~14% to 176.3k units, while motorcycle increased ~18% YoY to 167.1k units.
3W volumes were flat YoY at ~59.8k units, with domestic volumes up 6.4% at 31.4k units, but exports down 8.1% YoY at 28.3k units.

03/12/2019 6 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: AUTOMOBILES | Nov-19 wholesales-1. Bajaj Auto; 2. Hero Moto; 3. TVS; 4. Ashok Leyland; 5. Escorts

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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