steady development of 10-15 percent YoY. While MHCV volumes are seen declining in single digits, LCV volume development is supposed to remain flattish YoY, Motilal Oswal said while proposing a quelled year-over-year development of 1-3 percent for farm truck volumes.
“Solid twofold digit YoY development is possible for 2W discount volumes in April because of good interest (retail volumes up more than 30%) and an ideal base (celebration timing). PV volumes are probably going to have developed at a sound speed drove by vigorous retail volumes (up more than 10%). In the mean time, CVs and farm haulers are supposed to be comprehensively flattish, better than the earlier month, attributable to the blurring of the great base. We are positive on the auto area. Our favored OEM picks are Legend MotoCorp, televisions Engine and Escorts Kubota,” said Anand Rathi.