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

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