Manish Raj Singhania forecasts a post-election spike in PV retails similar to what was seen during the Vidhan Sabha elections. Factors like financial stability, excitement over SUVs, the falling EV prices, good road infrastructure, as well as tge elections impact on vehicle demand will continue to drive sales, says the FADA president.
Nifty Auto surged 75% in FY24. Will FY25 follow a similar trend? Between passenger vehicles (PVs), commercial vehicles (CVs), and two-wheelers (2W), which segment will lead? Here s what experts believe.
Kumar Rakesh of BNP Paribas discusses strong demand for electric two-wheelers, caution in two-wheeler segment, impact of FAME II end on EV demand, tractor industry cyclicality, and top pick for 2024 being Maruti Suzuki. In case of EVs. we have seen a very strong demand for electric two-wheelers in March. April will be much weaker adjusting for this pre-buying, but May onwards, penetration expected to start inching back.
Both Nifty Auto and Nifty Realty indices are in focus after the RBI MPC kept its repo rate unchanged for the fifth time today, in the last policy meeting of 2023.
Domestic brokerage house Motilal Oswal stated that it has shifted focus towards 2Ws amid the initial PV slowdown. Moreover, MHCVs (medium and heavy commercial vehicles) remain stable, it added.