India Two-Wheeler - Second Wave Derails Growth Momentum; Industry Pins Hope On The Festive Season: ICRA

Motorcyclists travel past pedestrians near the Chhatrapati Shivaji Terminus railway station in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India Two-Wheeler - Second Wave Derails Growth Momentum; Industry Pins Hope On The Festive Season: ICRA

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICRA Research Report

We expect the two-wheeler industry to witness a 12-14% YoY growth in FY2022.

While optically high, the growth is on a severely contracted base. Also, the growth is contingent upon no sharp resurgence in Covid-19 cases and acceleration in the vaccination programme.

Financial profile of most of the two-wheeler original equipment manufacturers expected to remain healthy barring transitory margin pressure due to rising commodity prices and lower sales; credit profiles are expected to remain strong backed by resilient balance sheets, healthy cash and liquid investments and negligible debt.

Click on the attachment to read the full report:

ICRA-Two-wheeler Industry.pdf

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