Motilal Oswal: October Auto Wholesales - Ashok Leyland, Tata Motors,  Bajaj Auto, TVS Motor
Vehicles travel along a highway in an aerial photograph taken in Delhi, India (Photographer Anindito Mukherjee/Bloomberg)

Motilal Oswal: October Auto Wholesales - Ashok Leyland, Tata Motors, Bajaj Auto, TVS Motor

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.

Motilal Oswal Report

Ashok Leyland Ltd.’s wholesale dispatches grew 1.3% YoY to 9,989 units (versus estimate 9,999 units); Medium and heavy commercial vehicle volumes declined approximately 10.6% YoY to 4,588 units (versus estimate 3,848 units).

Tata Motors Ltd.’s October 2020 volumes grew approximately 26.1% YoY to ~52,100 units (versus estimate 53,300 units), led by ~79% YoY growth in total passenger vehicle volumes to 23,600 units (versus estimate 23,700 units)

Bajaj Auto Ltd.’s wholesales grew ~10.5% YoY to ~512,k units (versus estimate 492.4k units).

TVS Motor Company Ltd.’s wholesales grew 22.1% to 394.7k units (versus estimate 364.3k units).

Click on the attachment to read the full report:

Motilal Oswal Auto Volume Octorber Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.