Hero MotoCorp, TVS Motor, Bajaj Auto, Maruti, Mahindra to Royal Enfield, check out April Auto sales preview by NOMURA
Nomura expects Hero MotoCorp’s volumes to be down 27%. Bajaj Auto’s domestic 2W is likely to be down 42% yoy. Overall volumes are likely to be down only 11%, as exports are up 31%. TVS Motors domestic volumes are likely to be down 30%, while a strong 63% potential jump in exports should lead to overall volumes down 9%. Royal Enfield volumes are likely to be down 13%
A sharp rise in COVID-19 cases pan India and lockdowns have affected retails by 40-50% mom to 30-40%, as per Nomura’s dealer survey: Reuters