Demand remains weak in most segments, except 2Ws
* Demand trends in Aug’24 remained weak in most segments, except 2Ws. PV demand continued to moderate, as we noted a 6-8% YoY drop in retails for the month as customers deferred purchases, expecting better discounts in Sep’24. As a result, inventory remained high for PV OEMs. In 2Ws, retails are expected to grow by 1-3% YoY, aided by a positive customer response to new models like Bajaj Freedom 125, TVS Jupiter 110cc, and RE Guer...
Automobiles Sector Update : Demand remains weak in most segments, except 2Ws By Motilal Oswal Financial Services Ltd
