BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities Report
We expect the industry volume to improve gradually every month over the next three-four months backed festival season kicking in now. We expect retail demand to remain strong in FY23, though ongoing global geopolitical issues continue to keep pressure on economies and elevating inflation level across countries. This has been limiting industry wide recovery at the moment.
However, softening commodity prices and stable fuel prices would support industry ahead. We expect automobile industry to witness double digit growth in FY23, while we expect medium and heavy commercial vehicle and three-wheeler segments to outperform with 30% plus volume growth in FY23.
Nonetheless, long-term fundamentals continue to remain intact for automobile sector, in our view.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime 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 author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.