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Auto industry Q2 preview: Product mix, commodity tailwinds to aid margins

By Sohini Das Automobile manufacturers are likely to report strong numbers for the September quarter of Financial Year 2023-24 (Q2 FY24), riding on growth across segments and offset by a marginal drop in overall two-wheeler (2W) volumes. Higher average selling price (ASP) year-on-year (YoY), which was necessitated by price hikes taken by original equipment manufacturers
Andhra Pradesh Ebitda Qo Motocorp Ebitda Ashok Leyland Sohini Das Tata Motor

Auto industry Q2 preview: Product mix, commodity tailwinds to aid margins

Automobile manufacturers are likely to report strong numbers for the September quarter of Financial Year 2023-24 (Q2 FY24), riding on growth across segments and offset by a marginal drop in overall two-wheeler (2W) volumes. Higher average selling price (ASP) year-on-year (YoY), which was necessitated by price hikes taken by original equipment manufacturers (OEMs), and an improved product mix will also aid revenues and margins. Moreover, commodity prices are down on a YoY basis, leading to higher...
Andhra Pradesh Motocorp Ebitda Ebitda Qo Ashok Leyland Tata Motor Nuvama Research
Source: rediff.com

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